The Central Board of Direct Taxes (CBDT) is a statutory body under the Department of Revenue, Ministry of Finance, Government of India. It oversees the administration of direct taxes, including income tax and corporate tax, through the Income Tax Department. The CBDT was constituted in 1964 under the Central Board of Revenue Act, 1963. The counterpart for indirect taxes is the Central Board of Indirect Taxes and Customs (CBIC).
CBDT is currently headed by Ravi Agarwal, the Chairperson of the Central Board of Direct Taxes.
History The Central Board of Revenue, the apex body of the Department entrusted with the administration of taxes, was established under the Central Board of Revenue Act, 1924. It was initially responsible for both direct and indirect taxes. However, on 1 January 1964, the Board was bifurcated into two separate entities: the Central Board of Direct Taxes (CBDT) and the Central Board of Excise and Customs (CBEC). This division was formalised through the constitution of the two Boards under Section 3 of the Central Board of Revenue Act, 1963.
Associated bodies Income Tax Department Investigation Division of the Central Board of Direct Taxes Directorate General of Income Tax Investigation Chief Commissioner of Income Tax Central
References
External links Income Tax Department