Diabytes
CBDT Chairman News
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The government stated in a notification that his service terms will follow the standard rules that apply to re-employed officers in the Central Government.
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In 2018-19 budget, the government had projected a 14.3 percent rise in direct tax collections to Rs 11.5 lakh crore.
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CBDT has six members, apart from the chairman, and is responsible for framing policy related to direct taxes and the Income Tax Department.
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Tax department started e-assessment of income tax forms in September 2017 and 60,000 cases have been completed through e-assessment so far.
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Government will come out with an "exhaustive list" of transactions on which the "anti-abuse" provision of levying long-term capital gains tax on share transfer in unlisted companies will not be applicable.
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Senior Indian Revenue Service (IRS) officer Sushil Chandra Tuesday took over as chairman of the Central Board of Direct Taxes (CBDT).
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Chowdary will take charge of the new post from Saturday on his retirement after serving over three decades in the Income Tax cadre of the Indian Revenue Service.
Senior IRS officer Anita Kapur is tipped to be the new chairperson of Central Board of Direct Taxes (CBDT), the apex authority of the Income Tax department.
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