Leading Consultancy in Delhi

80g

Matters relating to appointment of Standing Counsels 12a registration Prosecution Counsels and Special Counsels for the Income tax Department before the High Court and Supreme Court;

 

• All matters relating to Audit and Public Accounts Committee;

• All matters falling under section 72A and 80-O of the Income-tax Act, 1961;

• All matters concerning Wealth-tax Act, Expenditure-tax Act, Estate Duty Act and Benjamin Transaction (Prohibition) Act, excluding those relating to prevention and detection of tax avoidance;

• Supervision and control over the work of DGIT (L&R) and DIT (Audit). There are as many as 8 Directorates as attached offices of CBDT to play a vital role by developing a positive liaison between the field formations and the CBDT.

The following Directors General of Income Tax is directly under the administrative control of the Central Board of Direct Taxes:-

1. Director General of Income Tax (Administration)

2. Director General of Income Tax (Systems)

3. Director General of Income Tax (Vigilance)

4. Director General of Income Tax (Training)

5. Director General of Income Tax (Legal & Research) 

6. Director General of Income Tax (Business Process Re-engineering) 

7. Director General of Income Tax (Intelligence) 

8. Director General of Income Tax (HRD)

In addition to above there are three more Directorates and also Chief Commission rates at field level which are as follows:-

1. DGIT (Investigation)

2. DGIT (Exemption)

3. DGIT (International Taxation)

4. 18 cadre controlling Chief Commissioners of Income Tax

Various Directorates which are headed by Directors of Income Tax have been placed under the Director Generals of Income Explanation. For the removal of doubts it is hereby declared that north contained in this sub-section shall affect the operation of the provisions of us section or sub-section in relation to any withdrawals made from deposit account either before or after the expiry of a period of 80g exemption years fn the date of deposit. Where amount standing to the credit of the assessed in the depot account is withdrawn during any previous year by the assessed in circumstance specified in clause or clause of sub-section the who of such amount shall be deemed to be the profits and gains of busing profession of that previous year and shall accordingly be chargeable to into tax as the income of that previous year as if the business had not closed or the case may be the firm had not been dissolved.  Where any amount standing to the credit of the assessed in the depot account is utilized by the assessed for the purposes of any expenditure connection with the business or profession in accordance with the scherzos expenditure shall not be allowed in computing the income charge under the head Profits and gains of business or profession Where any amount standing to the credit of the assessed in the depot account released during any previous year by the Development Bank for bee utilized by the assessed for the purposes specified in the scheme or at the close of the account in circumstances other than the circumstances specified clauses and of sub-section  is not utilized in accordance and within the time specified in the scheme either wholly or in part Tax exemption and report through them to the Central Board of Direct Taxes .

 

Go to top of page