Central Board of Direct Taxes

The idea underlying is to ensure that the statistics compiled from these registers reflect a true picture. The Senior or Junior Departmental Representative is expected to present and argue the case of the department independently and to render necessary assistance to the CIT. Supervision and control over the officers and staff working under him.

• Personal and establishment matters including leave & Service matters of OTs.
• Moving to digital from the decades-old system of manual scrutiny, the tax department would use data analytics, artificial intelligence, machine learning and other latest tools to ascertain misreporting or evasion.
• To examine and review the reports received and to provide feedback to field formations on quality of assessments and inspections determined on the basis of a study of inspection records.
• All matters relating to training except foreign training.
• Direct taxes are collected directly from the person on whom tax is imposed.

All of these organisations work together to ensure all matters relating to the taxation either from citizens or business are going smoothly. Levy of taxes on sales in the course of inter-state trade or commerce and all matters that relate to consolidation or reduction or exemption from payment of Stamp duty under the Indian Stamp Act, 1899. Other than that, DOR also managing the residual work of Gold Control and matters relating to The Customs Excise and Service Tax Appellate Tribunal which provide as an independent forum to hear the appeals against orders in India. Last but not least, Cadre Control of IRS (Group-A) and IRS (C&CE) (Group-A) which are function under the Department of Revenue of the Ministry of Finance.

Measures for disposal of assessments, collection of taxes, prevention and detection of tax evasion and tax avoidance. The Central Board of Direct Taxes has issued income tax refund of over Rs 45,896 crore between April 1, 2021 to August 2, 2021, said Income Tax India on Saturday. The refunds were made to more than 21.32 lakh taxpayers during the same period, it said.

E-assessment Scheme, 2019 | CBDT Notification

A tax may be defined as a pecuniary burden laid upon individuals or property owners to support the Government, a payment exacted by legislative authority. A tax is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority. Tax law in India consists of direct tax law and indirect tax law, and may be paid in money or as its labour equivalent .

• Through Computer Aided Scrutiny Selection , cases are being selected in two categories viz.
• This department is also liable for the collection of a wide variety of taxes.
• A tax is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority.

In respect of Group ‘A’ level officers, finalisation of the Agreed List, the list of officers of doubtful integrity and the list of officers whose work would be subjected to vigilance inspection. Issue of administrative approval and expenditure sanction. The Directorate of Income Tax (O&M Services), which is headed by a DIT, came into existence in the year 1972 on the recommendations of the Direct Taxes Enquiry Committee . It started functioning in April 1973.

CBDT Circulars On Prosecution Of Offenses And Compounding Of Offenses Under Direct Tax Laws

The relevant files will be put up to the DGIT for appropriate orders through the DIT concerned. He acts as cadre controlling authority in respect of Group ‘B’ officers as also the staff allocated to the above Directorates and his own office. Besides these, this wing is entrusted with other functions and responsibilities such as review, amendment and interpretation of the rules and syllabi of the various examinations, creation and abolition of centres for various departmental examinations. The directorate also performs all other related work.

Framing of norms and issuing guidelines for vigilance functions of the Department. Preparation and furnishing of reports to CBDT/CVC/Ministries. 16. Processing representations and complaints regarding location of offices in particular buildings. 15. Processing representations from various staff associations of the Income-tax department.

Understanding the Department of Revenue in India

Coordination with CBI and CVC in respect of complaints against officers of the department. Implementation of software packages at various computer centres of the department including on-the-job training and monitoring the progress of implementation. Inspection of field offices for speeding up of collection/reduction of tax arrear. To issue general instructions to field officers regarding Internal Audit and Revenue Audit.

Representative of trade and professional associations are also nominated to these committees. The term of these Committees is two years from the date of their constitution. The procedure followed in the decision-making process including channels of supervision and accountability. Seeing that all tax payers grievances are attended in time and redressed in a fixed time bound manner.

CBDT: latest Circulars, Instructions, Notifications, E-Assessment

Supervision and control of the work of Northern Region including Delhi and UP. The Chairman and Members of CBDT are selected from Indian Revenue Service , a premier civil service of India, whose members constitute the top management of dwolla india Income Tax Department. Conducting Departmental Examinations for the post of Assistant Commissioner of Income Tax and other Gazetted and Non-Gazetted cadres of Income Tax Department and dealing with all matters relating to these exams.

• ► At the enactment stage, the claw back is restricted to only excess premium over fair market value, but with a more onerous consequence that such claw back shall be deemed to be misreported income attracting penalty @ 200% of the excess premium.
• Matters relating to reward to officers and staff in search and seizure cases and assessment cases, survey cases and representation before Tribunal.
• Coordination with OECD in work related to Working Parties 1 (including BEPS work taken by WP- 1) and Task Force on Digital Economy; Coordination with OECD in work related to Global Forum on Tax Treaties; Any other work assigned by the Director (FT&TR-I).
• All Administrative matters relating to Income-tax establishments.
• Recently, the CBDT has also extended due dates for electronic filing of various Forms under the Income-tax Act, 1961.
• They wanted to make their cadre management process in a single software possessing multiple functionalities.

He obtains reports from the Directors of Income Tax concerned and takes further necessary action including communication of adverse remarks. The Headquarters office of the DGIT(Admn.) would deal with the representations against adverse remarks and submit the relevant file to the DGIT(Admn.) through the DIT concerned. The DIT concerned is required to forward two copies of the duly completed annual confidential reports of all the officers working under him to the DGIT(Admn.), who, after keeping one copy for his record, passes on the other copy to the Board.

Planning and Conduct of In-service courses mounted by all the eight assigned centres. Confidential matters relating to recovery, intelligence inputs via FIU, reports etc. TDS Collections, Monthly DO’s, statistical https://1investing.in/ data relating to prosecution etc, monitoring & Statistical analysis of TDS pan India, Holding of TDS Annual conference, dissemination of data relating to TDS and attendant matters relating thereto.

This is a guide to the levy of “angel tax” on start-ups. It summarizes the legislative amendments made to the Income-tax Act 1961 and also the various circulars and instructions issued by the CBDT. Cases where non-payment of tax deducted at source is Rs. 25 Lakhs or below, and the delay in deposit is less than 60 days from the due date, shall not be processed for prosecution in normal circumstances. The Central Board of Direct Taxes has been issuing guidelines from time to time for streamlining the procedure of identifying and examining the cases for initiating prosecution for offences under Direct Tax Laws.

He will obtain reports from the Directors of Income-tax concerned and take further necessary action including communication of adverse remarks. The headquarters office of the DGIT would deal with the representations against adverse remarks and submit the relevant file to the DGIT through the DIT concerned. The latter will forward two copies of the duly completed annual confidential reports of all the officers working under him to the DGIT who, after keeping one copy for his record, will pass on the other copy to the Board. He reviews the confidential reports of the officers written by the Director of Income Tax.

Furthermore, in relation to other issues, assessment proceedings shall be conducted as per the procedure laid down under the ITL. In relation to past issue of shares, in line with the 2019 DPIIT Notification, the relaxation will not apply to prior years where assessment orders in relation to angel tax have already been passed by the Tax Authority. As per news reports, the CBDT has instructed the Tax Authority not to take coercive action and ensure speedy disposal of such appeals on priority. Ii. The indirect tax law is being administered by various Central Excise Commissione rates, working under the Central Board of Excise & Customs.