Chapter XII B with regard to special provisions relating to certain companies. Chapter XII i.e. Determination of tax in certain special cases excluding sections 111A, 112, 112A, 115A, 115AB, 115AC, 115ACA, 115AD and 115BBA. Chapter VII i.e.
Revenue Generation Through Direct Taxes
The Union Finance Minister Nirmala Sitharaman recently chaired a review meeting with the Central Board of Direct Taxes (CBDT). The meeting covered a wide range of topics including the taxpayer base and the introduction of new TDS codes among other significant issues. 2.All matters relating to deputation of Income-tax officers, Assistant Commissioners of Income-tax and Deputy Commissioners of Income-tax to ex-cardposts. 2.Recovery of taxes (chapter XVII of Income Tax) Except part F thereof, sections 179,281,281B,289, Second Schedule and Third Schedule of the Income-tax Act, 1961. TaxBuddy’s intuitive e-filing application ensures filing Accurate tax returns.
All matters related to Working Party 10 (Exchange of Information and Tax Compliance) of OCED. All matters related to Coordinating Body under Multilateral Convention for Mutual Administrative Assistance in Tax Matters. General Coordination on matters related to Exchange of Information and Administrative Assistance in Tax Matters and matters related to Central Direct Taxes Advisory Committee. Preparing action taken reports on the Annual Reports of C & AG, and also on PAC Reports.
Suits/Court cases and legal matters in various benches of the Central Administrative Tribunal, High Courts and Supreme Court of India regarding Vigilance matters. Complaints pertaining to vigilance in respect of Gazetted employees of the Income-tax Department. All matters relating to reservation for SC/ST in services in the attached and subordinate offices under the CBDT. Report and Returns pertaining to the subjects being dealt in the Ad.VI Section. Parliament Questions pertaining to the subjects being dealt with in the Ad.VI Section.
It is also responsible for administering the provisions of the Double Taxation Avoidance Agreements with other countries and providing relief to taxpayers following the provisions of these agreements. All Administrative matters relating to Income-tax establishments (except transfers and postings of officers of the level of Chief Commissioner of Income-tax and Commissioner of Income-tax). Transfer and posting at the level of Deputy Commissioners and Assistant Commissioners will be made with the approval of the Chairman.
- 2.Recovery of taxes (chapter XVII of Income Tax) Except part F thereof, sections 179,281,281B,289, Second Schedule and Third Schedule of the Income-tax Act, 1961.
- Central Board of Direct Taxes is the apex authority responsible for formulating policies & overseeing the administration of direct taxes in India.
- By 2024, almost every tax-related activity, from submitting returns to paying taxes, will be done online using the Income Tax e-Filing Portal.
- The Central Board of Revenue, which was the apex body of the Income Tax Department, was initially in charge of both direct and indirect taxes.
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The Chairman is the head of the CBDT and is responsible for the overall supervision and control of the direct tax administration in the country. The members are responsible for various functional areas such as legislation, assessment, collection, investigation, and human resource management. The CBDT takes care of income tax, business tax, wealth tax, and other direct taxes. It ensures that tax laws are implemented consistently across the country and the cbdt is a statutory authority functioning under the supervises tax collection to meet revenue targets. The Central Board of Direct Taxes, or CBDT, is a statutory authority functioning under the Central Board of Revenue Act, 1963. It operates under the Department of Revenue in the Ministry of Finance.
Central Board of Direct Taxes (UPSC Economy): Download PDF Here!
Supervision and control over the Chief Commissioner of the Income-tax situated in Western Region-Gujarat. Rajasthan, M.P., Chattisgarh & Maharashtra (excluding Mumbai). All matters relating to interest Tax Act, 1974. Compulsory Deposit Act, 1974. Any other matter which the chairman or any other Member of the Board may consider necessary to be referred to the Chairman. Matters dealt with in the Foreign Tax Division expect matter Under Section 80-O of the Income Tax Act, 1961.
Coordination with Organization for Economic Cooperation and Development OECD on matters pertaining to Task Force on Tax Crimes TFTC. Matters relating to the Standard Operating Procedure for investigation in CRS/FATCA Cases and any revision/ update on the same. Matters relating to formulation and analysis of risk determination rules for dissemination of information received under CRS-AEOI and FATCA to the field formations. All matters relating to Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015). Matters relating to reward to officers and staff in search and seizure cases and assessment cases, survey cases and representation before Tribunal.
Central Board of Direct Taxes (CBDT)
The Union Finance Minister Nirmala Sitharaman chaired a review meeting with the Central Board of Direct Taxes (CBDT), that discussed the taxpayer base, and new TDS codes among other issues. CBDT has introduced a 30% tax on income from cryptocurrencies, with a 1% TDS on high-value transactions. With initiatives like e-invoicing and GSTN integration, CBDT is moving toward a more digital tax ecosystem, ensuring ease of doing business and faster compliance. CBDT is focused on emerging trends such as artificial intelligence, big data, and blockchain to make tax administration more efficient and transparent.
The Role of CBDT in Tax Policy
- Coordinating and monitoring the processing of recommendations contained in PAC Reports and furnishing Action Taken Notes.
- Vigilance, Disciplinary proceedings and complaints against all officers and members of staff (both gazetted and non-gazetted).
- The Central Board of Direct Taxes, or CBDT, is a statutory authority functioning under the Central Board of Revenue Act, 1963.
- These changes are meant to make taxes simpler, encourage people to follow the rules, and make India’s tax system match those of other countries.
- The CBDT is very important for India’s economy to work well.
- Essentially, the CBDT is the governing body that formulates policies, sets targets, and ensures the efficient collection of direct taxes in the country.
Receipt and analysis of TDS data in details and monitoring it for increasing the collection under this head. All complaints/representations, Parliament Questions, PAC work, Consultative and Advisory Committee work relating to the above. (b) Institution, disposal and pendency of appeals, references before Commissioner of Income Tax (Appeals). Jurisdiction and control over the work of CIT (A), distribution of their work, transfer of appeals and jurisdiction of CIT (A) u/s 120.
Preparation of various reports and returns relating to staffing strength, for group ‘ B’ & ‘ C’ non-gazetted staff, recruitment on non-Indians as sportsmen etc. All matters relating to seniority of Group ‘C’ and ‘B’ non-gazetted Staff. (iv) It acts as the office of the Spokesperson, CBDT, and organizes media interactions/briefings of senior functionaries of CBDT, besides maintaining a record of the same. (iii) It seeks information from the divisions/desks in CBDT, attached offices and field formations of CBDT for responding to queries raised in the media. There is a Media Cell in Central Board of Direct Taxes (CBDT) which is headed by an officer of the level of Commissioner of Income Tax, who is designated as the Media Coordinator for CBDT. The Media Coordinator also functions as the Official Spokesperson for CBDT and reports directly to Chairman/Chairperson, CBDT.
It ensures the collection of taxes, which is a main source of revenue for the government. It also helps create financial policies. Through taxes, the CBDT supports many government projects, welfare programs, and development efforts, helping to build the nation. Ii.
It manages a large system of income tax offices and online platforms where taxpayers can submit their returns, make payments, and track their refunds. One of the main roles of the CBDT is to create rules about taxes that people pay directly. It provides inputs for the Union Budget and proposes amendments to tax laws that align with the government’s economic policies. One of CBDT’s main jobs is creating direct tax policies. It helps prepare the national budget and suggests changes to tax laws that match the government’s economic plans.
It is part of the Department of Revenue under the Ministry of Finance and acts as a liaison between the government with taxpayers. The Central Board of Direct Taxes (CBDT) is at the heart of India’s direct tax system. This important group manages income tax policies, rules, and how they are enforced. Knowing about the CBDT is very important for taxpayers, both individuals and businesses.
Matters pertaining to Standing Committee on Parliament and other Parliamentary matters. 36. All matters pertaining to comments sought by other Departments/Ministries on Cabinet Notes. 26. Providing inputs on Policy issues relating to above.
Transfer Pricing Mutual Agreement Procedure (MAP) matters pertaining to Treaty partner counties/Jurisdictions in North America and Europe. Parliamentary matters and RTI related to above. All matters relating to Black Money and Special Investigation Team (SIT) handled in FT&TR Division.
Taxpayer Services and Grievance Redressal
Coordination of training on international taxation, transfer pricing and exchange of information with NADT & RTIs. 13. All tax matters (including capacity building) relating to United Nations, G-24, ADB (Asia Pacific Tax Hub). 10. Any other matters relating to foreign tax that may be assigned by Member, CBDT in charge FT&TR division.
