IndianTaxStudy.com
  • Login
  • Register
No Result
View All Result
WhatsAPP Chat
IndianTaxStudy.com
  • Login
  • Register
No Result
View All Result
WhatsAPP Chat
IndianTaxStudy.com
No Result
View All Result

A brief information about Income Tax Authorities

CA Raj Kumar by CA Raj Kumar
5 years ago
in Income Tax
Reading Time: 7 mins read
A A
0

RelatedPosts

TDS on Cash Withdrawal – Section 194N

What is TAN and how to get obtain TAN

Standard Deduction from salary income under section 16

Income Tax Act, 1961 is the main law dealing with Income Taxes in India. There are several rules made under this Act and are collectively known as Income Tax Rules, 1962. Like any other law, this Act and rules also require authorities to regulate it. These authorities are defined under the Income Tax Act, 1961. Let’s take an overview of these sections dealing with Income Tax Authorities in India.

Below Sections deal with Income Tax Authorities –

[wiki slug=’section-116-income-tax-authorities’ /]

[wiki slug=’section-117-appointment-of-income-tax-authorities’ /]

[wiki slug=’section-118-control-of-income-tax-authorities’ /]

[wiki slug=’section-119-instructions-to-sub-ordinate-authorities’ /]

Who are Income Tax Authorities?

If we read above sections, we find that this Act has defined following as classes of Income Tax Authorities –

  • The Central Board of Direct Taxes (Commonly known as CBDT)
  • Principal Directors-General of Income Tax or Principal Chief Commissioners of Income-tax
  • Directors-General of Income Tax or Chief Commissioners of Income Tax
  • Principal Directors of Income Tax or Principal Commissioners of Income Tax
  • Directors of Income Tax or Commissioners of Income Tax or Commissioners of Income Tax (Appeals)
  • Additional Directors of Income Tax or Additional Commissioners of Income Tax or Additional Commissioners of Income Tax (Appeals)
  • Joint Directors or Joint Commissioners of Income Tax
  • Deputy Directors or Deputy Commissioners of Income Tax
  • Assistant Directors or Assistant Commissioners of Income Tax
  • Income Tax Officers
  • Tax Recovery Officers
  • Inspectors of Income Tax

In this Act, there are references to other classes which are among these above classes. For example, [wiki slug=’section-27a-assessing-officer’ /] defines Assessing Officers as –

  • Assistant or Deputy Commissioners, or Assistant or Deputy Directors;
  • The Income tax officer who is vested with the relevant jurisdiction by virtue of directions or orders issued under section 120 (1) or (2) or any other provision of the Act; and
  • The Additional Commissioners or Directors, or Joint Commissioners or Directors who are directed under section 120(4)(b) to exercise or perform all or any of the powers and functions conferred on, or assigned to, an Assessing Officer.

Central Board of Direct Taxes (CBDT)

It is a statutory body constituted under the Central Board of Revenues Act, 1963. Its members are appointed by Central Government for the performance of duties entrusted by Board. It functions under the jurisdiction of Ministry of Finance. It is the highest executive body to govern Income Tax Authorities. It exercises its power to control and regulate the Income Tax Authorities. Under the Income Tax Act, 1961, it is entrusted with certain powers. Subject to control and approval of Central Government, it can issue rules under the provisions of Income Tax Act. All the rules are framed by Board under section 295 and are placed before the Parliament. Also, the Board has been empowered under section 119 to issue instructions and circulars to its subordinates. All such authorities have to comply with CBDT instructions and circulars. But, CBDT is not empowered to issue instructions for assessment of a particular case or to interfere with the discretions of commissioners (appeals).

In appropriate matters, Board can relax provisions of sections 115P, 115S, 139, 143, 144, 147, 148, 154, 155, 234A, 234B, 234E, 271 and 273. A brief heading of these sections are given below –

Sections Heading of Sections
115P Interest Payable for non-payment of tax by domestic companies
115S Interest payable for non-payment of tax on distributed income to unit-holders
139 Return of Income
143 Assessment of Income
144 Best Judgement Assessment of Income
147 Income Escaping Assessment
148 Issue of notice where income has escaped assessment
154 Rectification of mistake apparent on record
155 Other amendments relating to assessment of income
201(1A) Interest for non-deduction of tax or non-payment of tax after deduction by such person/principal officer/company, as the case may be
210 Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessing Officer
211 Installments of advance tax and due dates
234A Interests for default in furnishing return of income
234B Interests for default in payment of advance tax
234C Interest for deferment of advance tax
234E Fee for failure to deliver the statement of deduction of tax at source under section 200(3) and for failure to deliver the statement of collection of tax at source under section 206C(3) within the prescribed time
271 Penalty for failure to furnish returns, comply with notices, concealment of income, etc.
273 Penalty for false estimate of, or failure to pay, advance tax

The Central Government can appoint such persons as Income Tax Authorities as it may be required. It can further define that such person is subordinate to such classes of authorities. It may also authorize the Board or a Principal Director or Director-General, a Principal Chief Commissioner or Chief Commissioner or a Principal Director or Director or a Principal Commissioner or Commissioner to appoint income tax authorities below the rank of an Assistant Commissioner or Deputy Commissioner.

Previous Post

Jurisdictions of Income Tax Authorities

Next Post

Provisions related to advance rulings under Income Tax Act, 1961

CA Raj Kumar

CA Raj Kumar

I love blogging and studying taxation. I write articles related to Tax laws and common issues in handling taxation in India. Often, common but small mistakes make things complicated. I write and share them to save precious time of others.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

+ 83 = ninety one

Latest Articles

TDS on cash withdrawal under section 194N

TDS on Cash Withdrawal – Section 194N

March 24, 2022

Value Added Statements – A way to Show Value added by organisation apart from Financials

What is TAN and how to get obtain TAN

Standard Deduction from salary income under section 16

Format of Authorised Signatory Letter for GST

Calculate Depreciation as per Companies Act, 2013

IndianTaxStudy.com

© 2022 Indiantaxstudy.com - All Rights reserved.

Navigate Site

  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • Sitemaps

Follow Us

  • Login
  • Sign Up
No Result
View All Result
  • Knowledge Base
    • GST
    • Income Tax
    • Financial Management
    • Financial Reporting
    • Corporate Compliances
  • Services Offered
    • GST/TDS/ITR – Efillings
    • GST Registration
  • Free Tools
    • Depreciation Calculator
    • Search GST Tax Payer Details

© 2022 Indiantaxstudy.com - All Rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Terms of Usage.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.