Department of Revenue In India A Short Summary

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The main function of the Local Committees is to effectively and efficiently deal with the grievances of taxpayers and it also helps for supporting an environment where assessment orders are passed in a fair and sensible way. The Local Committees were constituted to deal with the grievance petitions of Assesses under the jurisdiction of Pr.CCIT for High-Pitched scrutiny Assessments completed under both faceless and non- faceless assessment regimes. These committees constituted in Pr.CCIT region will also handle the changes in central which are under territorial jurisdiction. The other member may be selected from the pool of officers posted as Pr.CsIT/Pr.CIT/CIT /CIT/CsIT , ITAT of the respective region.

Budget 2023: Income tax changes that professionals, small businesses want – Economic Times

Budget 2023: Income tax changes that professionals, small businesses want.

Posted: Wed, 25 Jan 2023 08:00:00 GMT [source]

The Central Board of Direct Taxes has constituted a task force to restructure the entire Income-tax department. The panel, which comprises 10 senior officials of the department, will reassess the role and functions of the department and weed out the anomalies in the new faceless regime meant to cut down physical interface between a taxpayer and the department. The Central Board of Direct Taxes, via a notification, reduced the time limit for ITR verification from 120 days earlier to 30 days. The new law is effective from August 1, 2022, and will be applicable to all the ITRs filed on or after August 1, 2022. However, missing the 30-day ITR-filing deadline can cost you Rs 5000.

If sources are to be believed then 1984 batch Indian Revenue Service officer, Rashmi Saxena Sahni and 1985 batch IRS officer JB Mohapatra are going to be the next two new board members. They are amongst the most senior officers in the Income Tax department. Supervision and control over the officers and staff working under him. Supervision and control over the work of officers and staff of CIB branch.

Budget 2023: Two third of current taxpayers will shift to new income tax regime, says CBDT Chairman

DBC has authorization to maintain data base of CBDT, and has right to add/edit or view the information related to the officers personal details. The Central Board of Taxes provided for the constitution of ‘Local committees’ to deal with taxpayers’ grievances arising from High-Pitched Scrutiny assessment. As indicated by section 119 of the Income- Tax Act,1961 CBDT issues the instructions to power and functions of local Committees to deal with Taxpayers. In his message on the occasion of Income Tax Day, he said the tax department has reported the highest ever tax collection of Rs 14.09 lakh crore in the fiscal year ended March 31, 2022 due to streamlining of policies and processes that eased compliance for taxpayers.

  • 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.
  • Monitoring the utility of existing forms and registers, office layouts, etc.
  • Departmental national net work, Departmental records etc.
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Providing help, https://1investing.in/ and support to end users in implementation of other application software, and monitoring their performance. Detailed administrative and statutory functions of the CIT have been enumerated in the relevant chapters of this manual, for example ‘Head Quarter Organisation and Functions’ etc. The CCIT of the region, in which the NADT or RTI or MSTU, as the case may be, is located, would allocate a specified number of Group B officers as also all categories of staff to each one of these institutes according to their sanctioned strength. Nominating various officers for different training courses conducted in either NADT or in the RTIs. Coordination with CBI and CVC in respect of complaints against officers of the department.

Delhi High Court stays CIC order asking CBDT to give info on Ram Janmabhoomi Trust

The responsibilities of the IRS are providing tax assistance to taxpayers, pursuing and resolving instances of erroneous or fraudulent tax filings, and formulating and enforcing policy concerning income tax in India. While the formulation and administration of policy concerning the Goods and Services Tax, prevention of smuggling, and administration of matters related to Customs and Narcotics are the functions of the IRS (C&IT). There are many roles and duties in the Department of Revenue .

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These institutes impart training to various cadres within their jurisdiction . Quarterly report on the status of disciplinary proceedings cases pending for more than six months. Drawing up the annual action plan for vigilance work for various functionaries of the department including DGIT (Vig.) himself, DITs (Vig.), CCITs and DGITs. Framing of norms and issuing guidelines for vigilance functions of the Department. Preparation and furnishing of reports to CBDT/CVC/Ministries. Examination of proposals regarding hiring of office/office-cum-residence accommodation and godown accommodation in respect of attached and subordinate offices.

CBDT lays down administrative mechanism for pending assessments of start-up companies

The Assessing Officer shall upload the underlying documents, on the basis of which notice u/s 148 was issued, on ITBA, for access by NaFAC. There is no fixed tenure for the office of the Chairman. Generally, the average tenure of the chairman is around 2 years and can be extended by the Government.

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A good transport facility must be arranged. Effective search and seizure operations must take place in the case of any unfairness revealing out-of-field action fostered by women members participating in a search action. The proper travel systems must be implemented for the lady members of the team. Towards the case of traveling from one city to another, a specified vehicle must be given, and a male member of the team can be attended by a lady member of the team. The control room must provide enough assistance towards the case for the medical emergency.

The Central Board of Direct Taxes , the policy-making body of the Income Tax Department had been running e-assessment as a pilot project in few major cities before expanding it pan-India. The initiative was launched to reduce visits by taxpayers to income tax offices and their interface with the taxmen, thereby bringing anonymity in proceedings. Now, tax notices will be issued by a centralised e-assessment centre requiring taxpayers to reply only through digital mode. Through mobile app, real-time alerts would be sent to assessees updating about progress in the case. It can also issue directions as to the guidelines, principles or procedures to be followed by other income-tax authorities in the work relating to assessment or collection of revenue or the initiation of proceedings for the imposition of penalties.

Same on the assessee or any other person, as the case may be. Or class of persons, or incomes or class of incomes, or cases or class of cases, as may be specified by the Board. Signals by users at different locations, for communication between people in real-time. All communications between the National e-assessment Centre and the assessee will be exchanged exclusively by electronic mode. The internal communication within the department will also be online.

The CBDT is a statutory authority functioning under the Central Board of Revenue Act, 1963. The officials of the Board in their ex officio capacity also function as a division of the Ministry dealing with matters relating to levy and collection of direct taxes. The CBDT is headed by Chairman and also comprises six members, all of whom are ex officio Special Secretary to the Government of India. The Income Tax department has introduced additional checks to prevent outgo towards bogus refund claims based on fraudulent investments shown in tax return forms, CBDT Chairman Sushil Chandra has said.

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The cbdt comprises of how many membersorate of Income Tax was created as an attached office of the Board in 1940, under a Director of Inspection. Previously, coordination of audit work also formed part of this Directorate. This was separated in 1982. Cadre Controlling Authority for recruitment, promotion etc. of the personnel working in the Official Language Wing of the Income-tax department. Inspection of the field offices of the Department to monitor the progressive use of Hindi in official work.

GST Applicable on medical monitoring services to senior citizens … – StudyCafe

GST Applicable on medical monitoring services to senior citizens ….

Posted: Wed, 11 Jan 2023 08:00:00 GMT [source]

Member-Secretary will ensure the meetings are held at least twice every month during the pendency of the grievance petition with the Local authority. And the report will submit to the Pr. CCIT is concerned. The Local Committee may call for the relevant assessment records to peruse from the jurisdiction which is concerned by the Pr.CCIT.

According to a government source, there are 10 contenders for these three vacant posts in the CBDT. The names, designations and other particulars of the Public Information Officers. The particulars of any arrangement that exists for consultation with, or representation by, the members of the public in relation to the formation of its policy or implementation thereof. The Department’s mission is to promote compliance with Direct Tax Laws through quality taxpayer service encouraging voluntary compliance and firm administration. The norms set by it for the discharge of its functions.

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