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Govt appoints Nitin Gupta as the new CBDT chairman

Tags: Economics/Business Person in news

The Appointment Committee of the Union Cabinet has approved the appointment of Nitin Gupta, the Indian Revenue Service Officer as the new chairman of the Central Board for Direct Taxation (CBDT) . 

  • Nitin Gupta, an Indian Revenue Service officer of the 1986 batch of the Income Tax cadre, is serving as the Member (investigation) in the Board and is scheduled to retire in September next year.
  • The post of the CBDT chief was being held in an additional capacity by Board member and 1986-batch IRS officer Sangeeta Singh after J B Mohapatra retired on April 30.
  • The CBDT is headed by a Chairman and can have six members who are in the rank of special secretary, government of India.
  •  It is the administrative body for the Income Tax department.

Central Board of Direct Taxes (CBDT) 

  • The Central Board of Direct Taxes is a statutory authority functioning under the Central Board of Revenue Act, 1963.
  • The CBDT is a part of the Department of Revenue in the Ministry of Finance.
  •  On one hand, CBDT provides essential inputs for policy and planning of direct taxes in India, at the same time it is also responsible for administration of direct tax laws through the Income Tax Department.
  •  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.

 Headquarters: New Delhi

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