Which organization has signed MoU with Central Board of Direct Taxes CBDT for data exchange?
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Which organization has signed MoU with Central Board of Direct Taxes CBDT for data exchange?
A formal Memorandum of Understanding (MOU) was signed today between the Ministry of Corporate Affairs (MCA) and Central Board of Indirect Taxes and Customs (CBIC), Ministry Of Finance for data exchange between the two organizations.
What is CBDT CBIC?
A Memorandum of Understanding (MoU) was signed between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs(CBIC) today, for data exchange between the two organizations.
What is the full form of CBIC?
Central Board of Indirect Taxes & Customs (CBIC), Department of Revenue, Ministry of Finance is responsible for formulation of policy relating to levy and collection of Indirect taxes namely, Customs duty, Central Excise duty Central Goods and Service tax.
Will CBDT and CBIC be merged?
The finance ministry on Monday said in a statement that the government has no proposal to merge the Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC). Both boards are part of the Department of Revenue under the ministry of finance.
What does CBIC stand for?
CBIC
| Acronym | Definition |
|---|---|
| CBIC | Cell Based Integrated Circuit |
| CBIC | Complementary Bipolar Integrated Circuit |
| CBIC | Certified Business Image Consultant (Fashion Image Institute) |
| CBIC | Chesapeake Bay Impact Crater (Chesapeake Bay; Virginia) |
Why is MoU signed?
A Memorandum of Understanding (MoU) is an agreement between two or more parties outlining the rights and obligations of the parties to the agreement. It serves as a basis for making a formal contract later on.
What is CBDT in income tax?
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.
Who is chairman CBIC?
M. Ajit Kumar
Central Board of Indirect Taxes and Customs/Chairpersons
Who is the present chairman of CBDT?
J.B. Mohapatra
A 1985-batch Indian Revenue Service (Income Tax) officer, is currently the member in the board that frames the policy for the Income Tax department. Senior bureaucrat J.B. Mohapatra has been appointed the chairman of the Central Board of Direct Taxes (CBDT), the Personnel Ministry said in an order on Wednesday.
What is CBDT Upsc?
The Central Board of Direct Taxes (CBDT) is the authority vested with the responsibility of the administration of laws related to direct taxes through the Department of Income Tax. The Central Board of Direct Taxes can be related to ‘Indian Economy’ in the General Studies Paper-3 section of the UPSC Syllabus.