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Questions and Answers
What is the main responsibility of the Income Tax Department?
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?
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?
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?
What is one of the economic laws enforced by the Income Tax Department?
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What is one way the Income Tax Department influences tax issues at an international level?
What is one way the Income Tax Department influences tax issues at an international level?
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