5 Questions
Under which ministry does the Income Tax Department function?
The Income Tax Department functions under the Department of Revenue of the Ministry of Finance.
Who heads the Income Tax Department?
The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT).
What economic laws does the Income Tax Department enforce?
The Income Tax Department enforces other economic laws such as the Benami Transactions (Prohibition) Act, 1988, and the Black Money Act, 2015.
What is the main responsibility of the Income Tax Department?
The main responsibility of the Income Tax Department is to enforce various direct tax laws, most important among these being the Income-tax Act, 1961, to collect revenue for the government of India.
Who does the Income Tax Act, 1961, empower the ITD to levy tax on?
The Income Tax Act, 1961, empowers ITD to levy tax on the income of individuals, firms, companies, local authorities, societies, or other artificial juridical persons.
Test your knowledge of the Income Tax Department of India with this quiz. Explore the roles and responsibilities of the IT Department, its organizational structure, and its functions in tax collection.
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