Income Tax Department

Income Tax Department
Agency overview
Formed	1922 (1922)
Jurisdiction	Government of India
Minister responsible	Arun Jaitley, Finance Minister
Agency executive	Atulesh Jindal (IRS), Chairperson, Central Board of Direct Taxes
Parent department	Department of Revenue
Website	incometaxindia.gov.in

Taxation

An aspect of fiscal policy
Policies Government revenue Tax revenue Non-tax revenue Tax law Tax bracket Tax threshold Exemption Credit Deduction Tax shift Tax cut Tax holiday Tax advantage Tax incentive Tax reform Tax harmonization Tax competition Double taxation Representation Unions Medical savings account Tax, tariff and trade
Economics Price effect Excess burden Tax incidence Laffer curve Optimal tax Theory Optimal capital income taxation
Collection Revenue service Revenue stamp Tax assessment Taxable income Tax lien Tax refund Tax shield Tax residence Tax preparation Tax investigation Tax shelter Private tax collection Tax farming
Noncompliance Tax avoidance Tax evasion Tax resistance Tax haven Smuggling Black market Transfer mispricing Unreported employment Tax shelter
Distribution Tax rate Progressive Regressive Proportional
Types Direct Indirect Per unit Ad valorem In rem Capital gains Carbon Consumption Dividend Ecotax Excise Fuel Georgist Gift Gross receipts Income Inheritance (estate) Land value Payroll Pigovian Property Sales Sin Single Stamp Steering Turnover Value-added (VAT) Corporate profit Excess profits Windfall profits Negative (income) Flat Wealth
International Financial transaction tax Currency transaction tax Tobin tax Spahn tax Tax equalization Tax treaty Permanent establishment Transfer pricing European Union FTT
Trade Custom Duty Tariff Import Export Tariff war Free trade Free trade zone Trade agreement
Religious Church tax Eight per thousand Teind Tithe Fiscus Judaicus Leibzoll Temple tax Tolerance tax Jizya Kharaj Khums Nisab Zakat
By country List of countries by tax rates Tax revenues as %GDP Albania Algeria Argentina Australia Azerbaijan Bangladesh Bhutan Bulgaria Canada China Colombia France Germany Greece Iceland India Indonesia Iran Ireland Israel Italy Japan Kazakhstan Lithuania Malta Namibia Netherlands New Zealand Norway Pakistan Palestinian territories Peru Philippines Poland Russia Singapore South Africa Sweden Switzerland Tanzania United Kingdom United States Uruguay

The Income Tax Department, also referred to as IT Department, is a government agency in charge of monitoring the income tax collection by the Government of India. It functions under the Department of Revenue of the Ministry of Finance.^[1] It is responsible for administering following direct taxation acts passed by Parliament of India.^[2]

The Income-tax Act, 1961
Expenditure Tax Act, 1987
Various Finance Acts (Passed Every Year in Budget Session)

The IT Department is also responsible for enforcing the Double Taxation Avoidance Agreements and deals with various aspects of international taxation such as Transfer pricing. Finance Act, 2012 seeks to grant Income Tax Department powers to combat aggressive Tax avoidance by enforcing General Anti Avoidance Rules.^[3]

Management

The Central Board of Direct Taxes (CBDT) is a part of Department of Revenue in the Ministry of Finance. The CBDT provides inputs for policy and planning of direct taxes in India, and is also responsible for administration of direct tax laws through the IT Department. 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 Chairman and members of the CBDT are selected from the Indian Revenue Service (IRS), whose members constitute the top management of the IT Department. The Chairman and every member of CBDT are responsible for exercising supervisory control over definite areas of field offices of IT Department, known as Zones. Various functions and responsibilities of the CBDT are distributed amongst Chairman and six members, with only fundamental issues reserved for collective decision by the CBDT. The areas for collective decision by the CBDT include policy regarding discharge of statutory functions of the CBDT and of the Union Government under the various direct tax laws. They also include general policy relating to:

Set up and structure of Income Tax Department;
Methods and procedures of work of the CBDT;
Measures for disposal of assessments, collection of taxes, prevention and detection of tax evasion and tax avoidance;
Recruitment, training and all other matters relating to service conditions and career prospects of all personnel of the Income-tax Department;
Laying down of targets and fixing of priorities for disposal of assessments and collection of taxes and other related matters;
Write off of tax demand exceeding Rs.25 lakhs in each case;
Policy regarding grant of rewards and appreciation certificates.

Any other matter, which the Chairman or any Member of the Board, with the approval of the Chairman, may refer for joint consideration of the Board.^[4]

Tax Recovery Officers

The powers of Tax Recovery Officers (TROs) were increased by Government of India in June 2016.^[5]

References

↑ "Question Bank". Incometaxindia.gov.in. 2009-03-31.
↑ http://www.incometaxindia.gov.in
↑ "Union Budget 2012: GAAR empowers I-T department to deny tax benefits to 'companies'", The Times Of India, 2012-03-16
↑ "Information to be published under section 4(1)(b) of the Right to Information Act, 2005" (PDF). Central Board of Direct Taxes, Government of India. 10 December 2014. This article incorporates text from this source, which is in the public domain.
↑ "Wilful defaulters: I-T dept to use powers to arrest, detain", The Economic Times, 21 June 2016

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Income Tax Department

Management

Tax Recovery Officers

See also

References