Income Tax Department of India Quiz
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Questions and Answers

Who heads the Income Tax Department in India?

  • Central Board of Direct Taxes (CBDT) (correct)
  • Income Tax Department (ITD)
  • Ministry of Finance
  • Department of Revenue
  • What is the main responsibility of the Income Tax Department?

  • Managing government expenditure
  • Enforcing direct tax laws (correct)
  • Enforcing corporate tax laws
  • Regulating import and export taxes
  • Which law empowers the Income Tax Department to levy tax on various entities in India?

  • Income-tax Act, 1961 (correct)
  • Customs Act, 1962
  • Wealth Tax Act, 1957
  • Goods and Services Tax (GST) Act
  • Apart from the Income-tax Act, 1961, which other economic law does the Income Tax Department enforce?

    <p>Benami Transactions (Prohibition) Act, 1988</p> Signup and view all the answers

    Who does the Income Tax Department influence through its tax collection authority?

    <p>Businesses, professionals, NGOs, income earning citizens, and local authorities</p> Signup and view all the answers

    Which body is the apex authority overseeing the Income Tax Department in India?

    <p>Central Board of Direct Taxes (CBDT)</p> Signup and view all the answers

    What is the primary function of the Income Tax Department in India?

    <p>Enforcing direct tax laws</p> Signup and view all the answers

    Which act empowers the Income Tax Department to deal with transactions involving 'benami' properties?

    <p>Benami Transactions (Prohibition) Act, 1988</p> Signup and view all the answers

    Who is authorized to be levied tax on by the Income Tax Department in India?

    <p>Local authorities</p> Signup and view all the answers

    What is the scope of the Income Tax Act, 1961, in India?

    <p>Levying tax on individuals, firms, companies, local authorities, and other artificial juridical persons</p> Signup and view all the answers

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