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Indian Income Tax Department

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Questions and Answers

What is the main responsibility of the Income Tax Department?

To combat tax evasion and tax avoidance practices

To deal in all matters of double taxation avoidance agreements

To collect revenue for the government of India

To enforce various direct tax laws (correct)

Under which ministry does the Income Tax Department function?

Ministry of Home Affairs

Ministry of Corporate Affairs

Ministry of Finance (correct)

Ministry of Commerce and Industry

Who is the apex body that heads the Income Tax Department?

Central Vigilance Commission

Central Bureau of Investigation

Central Economic Intelligence Bureau

Central Board of Direct Taxes (correct)

What is one of the economic laws enforced by the Income Tax Department?

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

What is one way the Income Tax Department influences tax issues at an international level?

<p>Taxation of international businesses and professionals</p> Signup and view all the answers

Indian Income Tax Department

Choose a study mode

Podcast

Questions and Answers

What is the main responsibility of the Income Tax Department?

Under which ministry does the Income Tax Department function?

Who is the apex body that heads the Income Tax Department?

What is one of the economic laws enforced by the Income Tax Department?

What is one way the Income Tax Department influences tax issues at an international level?

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