Chairperson, Central Board of Direct Taxes

The Chairperson, CBDT is the senior-most IRS civil servant in the Government of India. The Chairperson of Central Board of Direct Taxes is the ex officio Special Secretary to the Government of India and also cadre controlling authority of the Indian Revenue Service.

Though there is no fixed tenure, the average tenure of the chairman has been less than 2 years. His tenure however, can be extended.

The CBDT Chairperson is ex-officio special secretary and is under the direct charge of the revenue secretary of India. He is placed above the officers of the rank of Lieutenant-General, Vice-Admiral or Air Marshal, CBI Director and Deputy Comptroller and Auditor General in the Order of Precedence.

Functions

The following are the functions of the Chairman:

Taxation in India

Taxes in India are levied by the Central Government and the state governments. Some minor taxes are also levied by the local authorities such as the Municipality.

The authority to levy a tax is derived from the Constitution of India which allocates the power to levy various taxes between the Centre and the State. An important restriction on this power is Article 265 of the Constitution which states that "No tax shall be levied or collected except by the authority of law". Therefore, each tax levied or collected has to be backed by an accompanying law, passed either by the Parliament or the State Legislature. In 2013-2014, the gross tax collection of the Centre amounted to ₹13.64 trillion (US$200 billion).

Constitutionally established scheme of taxation

Article 246 of the Indian Constitution, distributes legislative powers including taxation, between the Parliament of India and the State Legislature. Schedule VII enumerates these subject matters with the use of three lists:

India Today

India Today is an Indian English-language weekly magazine and news television channel. It was established in 1975 by Vidya Vilas Purie (owner of Thompson Press), with his daughter Madhu Trehan as its editor and his son Aroon Purie as its publisher. At present, India Today is also published in Hindi, Tamil, Malayalam and Telugu. The India Today news channel was launched on 22 May 2015.

See also

References

External links

Zee Business

Zee Business is a Hindi business news channel based in Noida, India. The channel is owned by Zee News.

See also

References

External links