Ajit Kumar Srivastava, Shabri Bhattasali named new CBDT members

Ajit Kumar Srivastava, Shabri Bhattasali named new CBDT members

Senior bureaucrats(नौकरशाहों) Ajit Kumar Srivastava and Shabri Bhattasali were appointed members of Central Board of Direct Taxes (CBDT), the apex policy making body of the Income Tax department.

The role of the CBDT is to provide inputs for policy and planning of direct taxes in the country and the statutory authority (सांविधिक प्राधिकारी) also administers the direct tax laws through Income Tax Department. The CBDT functions under the Central Board of Revenue Act, 1963.

CBDT has introduced the Electronic PAN (e-PAN) card for individuals and for 19,704 newly incorporated (निगमित) companies as it tied up with the Ministry of Corporate Affairs (MCA).

CBDT 

Functions and Organisation

The Central Board of Direct Taxes is a statutory authority functioning under the Central Board of Revenue Act, 1963. The officials of the Board in their ex-officio capacity also function as a Division of the Ministry dealing with matters relating to levy and collection of direct taxes.

Historical Background of C.B.D.T.

The Central Board of Revenue as the apex body of the Department, charged with the administration of taxes, came into existence as a result of the Central Board of Revenue Act, 1924. Initially the Board was in charge of both direct and indirect taxes. However, when the administration of taxes became too unwieldy for one Board to handle, the Board was split up into two, namely the Central Board of Direct Taxes and Central Board of Excise and Customs with effect from 1.1.1964. This bifurcation was brought about by constitution of two Boards u/s 3 of the Central Board of Revenue Act, 1963.