Podcast
Questions and Answers
Who heads the Income Tax Department in India?
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?
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?
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?
Apart from the Income-tax Act, 1961, which other economic law does the Income Tax Department enforce?
Who does the Income Tax Department influence through its tax collection authority?
Who does the Income Tax Department influence through its tax collection authority?
Which body is the apex authority overseeing the Income Tax Department in India?
Which body is the apex authority overseeing the Income Tax Department in India?
What is the primary function of the Income Tax Department in India?
What is the primary function of the Income Tax Department in India?
Which act empowers the Income Tax Department to deal with transactions involving 'benami' properties?
Which act empowers the Income Tax Department to deal with transactions involving 'benami' properties?
Who is authorized to be levied tax on by the Income Tax Department in India?
Who is authorized to be levied tax on by the Income Tax Department in India?
What is the scope of the Income Tax Act, 1961, in India?
What is the scope of the Income Tax Act, 1961, in India?
