Search results
Results from the WOW.Com Content Network
The Chairman of Central Board of Indirect Taxes and Customs (CBIC) is appointed by Appointments Committee of the Cabinet (ACC) which is headed by the Prime Minister of India. As the head of federal indirect tax administration, which touches the life of every Indian, the CBIC Chairperson plays a vital role in management of Indian economy and ...
The Central Board of Indirect Taxes and Customs (CBIC), formerly the Central Board of Excise and Customs, is a statutory body under the Department of Revenue, Government of India. It oversees the administration of indirect taxes , including customs duties, excise duties, and the Goods and Services Tax (GST).
President of the Republic of India: Droupadi Murmu: 25 July 2022 [1] Vice President of the Republic of India: Jagdeep Dhankhar: 11 August 2022 [2] Prime Minister of the Republic of India: Narendra Modi: 26 May 2014 [3] Chief Justice of the Republic of India: Sanjiv Khanna: 11 November 2024 Speaker of Lok Sabha: Om Birla: 19 June 2019 [4] Chief ...
The following are the functions of the Chairman: Administrative planning of the Income Tax Department. Act as advisor and conscience keeper of the Indian Revenue Service. Handle senior appointments. Represents the Finance Ministry at important tax-based conferences at UN and OECD.
In the Republic of India, the various central and state legislatures are presided by either a Speaker or a Chairperson.A speaker is the presiding officer of the Lok Sabha and of the legislative assembly of each of the twenty-eight states and three union territories.
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
Chairman; Technical Members (4). These members can be the current or former commissioners of the tax department at the state or central level; Besides this, there is an additional Director General of Safeguards under (CBEC) who acts as the Secretary. [3] [4]
The Central Board of Direct Taxes (CBDT) is a statutory body under the Department of Revenue, Ministry of Finance, Government of India. It oversees the administration of direct taxes, including income tax and corporate tax, through the Income Tax Department. The CBDT was constituted in 1964 under the Central Board of Revenue Act, 1963.