Centre appoints three new members on CBDT board
PrintListen to this Article
While Singh will be in service till August, Mohapatra will retire in April next year and Sarangi will superannuate in May, 2023. Singh is working as the principal DG of income tax systems (a technical arm of the department) in Delhi, Sarangi as the principal director general and chief vigilance officer of the tax department in Delhi and Mohapatra as the principal chief commissioner of Andhra Pradesh and Telangana region.
The CBDT is headed by a chairman and can have six members. All of these officers are in the rank of special secretary. With these fresh appointments, the CBDT will still have a vacancy of one member.
Apart from CBDT chairman P C Mody, the two other serving members are K M Prasad and S K Gupta. Mody, a 1982-batch IRS officer, has got three extensions till now after his scheduled retirement date of August, 2019 and his latest stint comes to an end this month.
The chairman is also holding the additional charge of the sensitive post of member (investigations) since the start of his tenure. His predecessor Sushil Chandra also held this charge when he was the CBDT chairman.
Mody is also holding the additional charge of member (administration). Prasad, set to retire in August, is the member (audit and judicial) and is holding the additional charge of (income tax and revenue).
S K Gupta, who retired last year but is serving on re-appointment till July this year, is the member for the charge of (tax payer services and systems) and he holds the additional charge of member (legislation). The new members have been chosen on the basis of their seniority in service with the exception of one 1984 batch officer, official sources said.
They said the new members will soon be allocated their portfolios.
Category : CBDT | Comments : 0 | Hits : 765
The Central Board of Direct Taxes (CBDT), has issued Circular No. 07/2024 dated 25.04.2024 further extending the due date for filing Form 10A/ Form 10AB under the Income-tax Act, 1961 (the ‘Act’) upto 30th June, 2024. CBDT had earlier extended the due date for filing Form 10A/ Form 10AB by trusts, institutions and funds multiple times to mitigate genuine hardships of the taxpayers. The last such extension was made by Circular No. 06/2023 extending the date to...
Certain instances of mismatch of information as filed by the taxpayer and as available with the Income Tax Department have come to the notice of the Department as part of its routine exercise of verification of data. In such cases, the Department has alerted the taxpayers to enable them to take corrective action. However, some posts on social media, as well as articles in the media, have highlighted enquiries initiated by the Central Board of Direct Taxes (CBDT) in cases where employees have mad...
The Central Board of Direct Taxes (CBDT) has said the Income Tax department can file appeals irrespective of monetary threshold in cases relating to TDS/TCS, undisclosed foreign income, or information received from investigating agencies like ED and GST Intelligence. As per the present rules, tax authorities are allowed to file appeals before the ITAT, High Court and Supreme Court, if the disputed tax demand exceeds Rs 50 lakh, Rs 1 crore and Rs 2 crore, respectively. These thresholds were fi...
Income of any fund or institution or trust or any university or other educational institution or any hospital or other medical institution referred to in specified sub-clauses of section 10 (23C) of the Income-tax Act, 1961 (the ‘Act’) or any trust or institution registered under section 12AA/12AB of the Act is exempt, subject to fulfilment of certain conditions specified under various sections of the Act. One of the conditions required to be fulfilled by the tru...
Central Board of Direct Taxes (CBDT) on Monday ordered withdrawal of small tax demands that finance minister Nirmala Sitharaman had announced in her FY25 budget speech to improve ease of living. CBDT said that tax demand up to ?25,000 for assessment year up to 2010-11 and demands up to ?10,000 from the next year up to assessment year 2015-16 will be extinguished. However, any criminal action initiated or planned under any law will not be dropped. Any tax demand raised against taxes collect...
Comments