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The Income Tax Department (also referred to as IT Department or ITD) is a government agency undertaking direct tax collection of the government of India. It functions under the Department of Revenue of the Ministry of Finance. The Income Tax Department is headed by the apex body Central Board of … See more Ancient times Taxation has been one of the key function of the sovereign state since ancient times. In Manusmriti, the Manu stated that the king has the sovereign power to levy and collect tax … See more Administration in the Income Tax Department (ITD) is run through a statutory body, the Central Board of Direct Taxes (CBDT), at the … See more Taxation law is not only very complex as it requires specialized knowledge and expertise to implement, but also it necessitates various kinds of deterrent actions to ensure … See more The government data reveals that the IT Department has a very low conviction rate. See more The Income Tax Department of the government of India is a leader in good governance. Since large portion of population interacts with department on a yearly basis hence … See more Demonetization period The finance ministry instructed all revenue intelligence agencies to join the crackdown on forex traders, hawala operators and … See more • Central Excise (India) • Indian Revenue Service (Income Tax) • List of Income Tax Department officer ranks See more WebTo express gratitude towards committed taxpayers, the Income Tax Department has started a unique appreciation initiative. It recognizes taxpayers’ commitment by awarding … solaria thermal
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