Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: VAT Audit :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: cpt :: ACCOUNTING STANDARD :: VAT RATES :: due date for vat payment :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
Direct Tax »
 CBDT clears the air on rental incomes from industrial parks, SEZs
 CBDT signifies achievements towards eliminating domestic black money
 Seafarers get tax exemption from Ministry of Finance
 Financial institutions need to get accounts self-certified for FATCA by April 30
 Direct tax incentives to promote start-ups
 Employer didn't deposit the TDS it deducted on your salary. How to claim it?
 Central Board of Direct Taxes clarifies on cash curb, Aadhaar
 CBDT to issue PAN, TAN within a day to improve Ease of Doing Business
 Expats who stayed in India for 182 days or more must apply for Aadhaar card: CBDT
 CBDT accomplishes direct taxes collection target for FY 2016-17
  No relief to those who defaulted on 1st IDS installment: CBDT

CBDT chief to keep exclusive charge of Income Tax investigations
December, 15th 2014

A major reshuffle has been effected in the CBDT, with the board's Chairperson Anita Kapur deciding to assume exclusive charge of Income-Tax department investigations in order to personally spearhead ongoing probes into cases of tax evasion and blackmoney.

The charge of I-T investigations, usually, is handled by a separate Member in the Central Board of Direct Taxes (CBDT) and there have been only few instances in the past when the CBDT chief holds this responsibility in an additional capacity.

"Government recently appointed four senior IRS officers as the new Members in CBDT.

These posts were vacant for over four months. After portfolio allocations, the CBDT chairperson had decided to keep investigations charge with herself while other charges have been distributed among the four new officials and one working earlier in the board," a senior Finance Ministry official said.

Despite these new appointments, there is still a vacancy of one Member in the apex policy making body of the I-T department, which is expected to be filled up sooner than later, the official said.

An order issued on December 12 by the Department of Revenue under the Finance Ministry, and accessed by PTI, said while Kapur will hold the additional charge of investigations, Members A K Jain will look after Personnel and Vigilance charge, Atulesh Jindal will hold Revenue charge, S M Nigam Income Tax portfolio, Rani S Nair will oversee Legislation and Computerisation while Surabhi Sinha will be officiate as the Member Audit and Judicial in the CBDT.

Sources said the chairperson chose to keep the investigations charge, whom all the probe units of I-T and intelligence in the country report to, as the post of CBDT chief is a permanent member in the Special Investigation Team (SIT) on blackmoney and the maximum work under this panel is related to tax evasion and probe and prosecution of illegal funds stashed abroad and within the country.

The SIT, sources said, also desired that the CBDT chief keeps a personal monitoring on large cases of tax evasion and blackmoney generation, like the recent case of suspended Noida Authority chief engineer Yadav Singh, so that these cases are fastracked and action is initiated quickly without getting delayed by bureaucratic or official procedures.

Four senior Indian Revenue Service officers-- Jindal, Nigam, Nair annd Sinha -- were appointed by the government to go to CBDT as Members on December 11 after which they have now been allocated work.

The CBDT is a seven-member body including the chairperson and is responsible for framing policy and administrative issues related to direct taxes and the Income-Tax department.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions