Functions Department of Revenue Ministry of Finance Government of India

All coordination work with DIT related to Project Insight/DWBI 2. Supervision and control of officers & officials posted under him. CBDT means Central Board of Direct Taxes. It is a statutory authority that is working under the Central Board of Revenue Act, 1963. The authorities of the Board work as a Division of the Ministry managing matters connecting with duty and the collection of direct taxes. Department of Revenue is the federal agency responsible for handling revenue created from the taxation of citizens and business.

Cases or Classes of Cases, which shall be Considered by Member (Income-tax & Revenue) 1. All matters relating to Income-tax Act, Super Profit-tax Act, Companies Profit (Sur-tax) Act, and Hotel Receipts Tax Act, except matters which have been https://1investing.in/ specifically allotted to the Chairman or to any other Member. The Income Tax Department appeals to taxpayers NOT to respond to such e-mails and NOT to share information relating to their credit card, bank and other financial accounts.

CBDT forms dedicated cell for start-ups to redress tax grievances

Monitoring the review of the work of the Directorate of Investigation under the Directors General of Income tax . All sections working under Member (Inv.) will report through CIT (Inv.). All matters relating to writ and appeals to the High Courts and Supreme Court and all matters relating to civil suits under the code of Civil Procedure, 1908. Cases or Classes of Cases, which shall be Considered by Member (Audit & Judicial) 1. All judicial matters under Chapter XX and section 288 of the Income-tax Act, 1961.

The 2019 DPIIT Notification, however, did not explicitly provide any relief where the assessment proceedings are pending with the Tax Authority. The officials of the CBDT also function in an ex-officio capacity as part of the Finance Ministry and deal with matters relating to levy and collection of direct taxes. Indirect taxes are taxes collected by an intermediary from the person who bears the ultimate economic burden of the tax. Direct taxes are collected directly from the person on whom tax is imposed. In India, both the Union Government at the federal level and the provincial or state governments impose various indirect taxes.

E-assessment Scheme, 2019 | CBDT Notification

Matters relating to FATF and other similar bodies/agencies dealing with anti-money laundering and counter terror funding issues having bearing on direct taxes. As Taxation Regime of India considered to the most mind-boggling and tangled law contrast with some other law winning in India, we at eStartIndia catering all tax collection and book-keeping need of new companies and SME in each progression of their discuss arc method of measuring price elasticity of demand. business. This recent initiative by the CBDT is aimed to ease the compliance issues for start-ups. The CBDT Order is the latest in a series of proactive steps undertaken by CBDT to provide impetus to Start-up industry and clarify the ambiguities under the ITL. Earlier, on 5 March 2019, the CBDT issued a Notification to provide exemption from angel tax to start-ups satisfying the prescribed conditions.

• All financial sanctions under the relevant rules shall be issued by him, or the officer authorised by him.
• The Central Board of Direct Taxes issued Order dated 30 August 2019 for setting-up of a dedicated cell for start-ups (“Start-up Cell”) to redress the grievances and address the various issues under Indian Tax Laws , including angel tax.
• The 2019 DPIIT Notification extended the condition-based exemption to past and proposed issue of shares undertaken by start-up companies.
• All matters relating to deputation of officers of the Department to ex-cadre posts.

To foster international co-operation for incorporating administrative best practices in the field of tax administration. Furnishing the above mentioned report in respect of non-gazetted officials of their regions to the DGIT (Vig.) after compiling the same from the reports received from the cadre controlling CCITs. DGIT shall coordinate the activities and streamline the working of the different directorates functioning under his control.

The contents of this website should not be construed as an exhaustive statement of law. In case of doubt, reference should always be made to the relevant provisions of the Direct Tax Laws and Rules and where necessary, notifications issued from time to time. Content provided by Income Tax Department, Mumbai. For any clarification regarding content, please contact the PRO, Income Tax Department, Mumbai. There are separate chapters on ‘Internal Audit’ and ‘Revenue Audit’ in volume-III of this Manual which detail the role and functions of officers at various levels in relation to audit works of the department. Design and conduct of specialized courses abroad on direct taxes for developing countries.

Various Tax Authorities and their Powers under the Income Tax Act

The Directorate of Income-tax (L&R) has the mandate to process proposals on Direct Tax issues received from field offices to file Special Leave Petitions /Appeals and provide recommendation to the CBDT. It is the nodal agency within the Department to process these proposals and for coordinating with the Ministry of Law on such issues. To carry out the advertisement campaign for the Income Tax Department in print, electronic media, internet, social media and outdoor publicity for bring awareness amongst taxpayers about Income tax provisions and statutory timelines. Matters relating to tax evasion petitions /Complaints including from VIPs and monitoring action thereon. All matters relating to tax evasion under these Acts (Wealth-Tax, Expenditure Tax Acts, including complaints and evasion petitions.

• Policy regarding discharge of statutory functions of the Board and of the Union Govt.
• Cases or Classes of Cases, which shall be Considered by Member (Income-tax & Revenue) 1.
• The Record Keeping Unit of the Range is headed by an Administrative Officer/Office Superintendent.
• Statistics are being collected from the field establishments i.e. from the offices of Chief Commissioners of Income Tax/Director General of Income Tax and Commissioners of Income Tax .
• Reviewing and monitoring the impact of new provisions of law granting reliefs and their implementation/administration by the field officers for the purpose of plugging any loopholes pointed out by the field formations.
• The Bureau is also responsible for the administration of COFEPOSA Act, 1974.

This will be a deduction from the amount of income-tax on the total income with which s/he is chargeable for any assessment year. The administration of the Acts mentioned at Sl.Nos.3, 5,6 and 7 is limited to the cases pertaining to the period when these laws were in force. DBC is responsible to add the information related to the officers profile, transfer order, joining, relieving, IPR and other CBDT related information. When any new officer joins the organization, DBC is responsible to add their information in the system. Mr Gupta is an Indian Revenue Service officer of the 1986 batch of the Income Tax cadre and is currently serving as the Member in CBDT. The Department’s mission is to promote compliance with Direct Tax Laws through quality taxpayer service encouraging voluntary compliance and firm administration.

(b) It provides essential inputs for policy and planning of direct & Indirect taxes in India.

Processing of complaints regarding evasion of tax. Supervision and control over the work of Chief Commissioners of Income-tax situated in Eastern Zone – Bihar, Odisha, North East, Jharkhand, West Bengal. All matters falling under Chapter XXA and XXC of the Income-tax Act, 1961. All matters concerning Wealth-tax Act, Expenditure-tax Act, Estate Duty Act and Gift Tax Act, excluding those relating to prevention and detection of tax avoidance. Monitoring of tax avoidance devices suggesting legislative remedial action. All Matters relating to Revenue budget including assigning of Revenue Budgetary targets amongst Chief Commissioners of Income-tax throughout the country.

In respect of cases selected under CASS cycle 2019, the following guidelines are specified. It has been reported that in large number of cases, ITATs and High Court have recognized the unique modus operandi involved in such scam and have passed judgements in favour of the revenue. Laying down the assessment procedure, the scheme says that National e-Assessment Centre shall serve a notice on the assessee under sub-section of section 143, specifying the issues for selection of his case for assessment. The assessee would be given 15 days time from the date of receipt of the notice to file their response. The tax department has, however, reserved the right to allocate an assessment case to a tax officer where complexity is involved.

All financial sanctions shall be issued by the DGIT(Admn.) or the officers authorised by him, under the relevant rules. Residuary financial powers and budgetary control in respect of the Directorates specified above will vest with the DGIT(Admn.). Review of the confidential reports of the officers written by the Director of Income Tax.

The officials of the Board in their ex-officio capacity also function as a Division of the Ministry of Finance dealing with matters relating to levy and collection of direct taxes. Assisting the CBDT in formulation of the Action Plan for the Income-tax department and its appraisal by regularly monitoring the performance of the field offices vis-a-vis the targets set for them. On a monthly basis the Directorate collates Central Action Plan statements showing the figures of collection/reduction of arrears and current demand of corporation tax/income-tax and progressive workload and disposal of income tax assessments. The directorate also monitors the performance of the field offices vis-a-vis the quarterly targets set for them. S. No. Designation Project/Task 1.

Indian Revenue Service (IRS)

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