DIRECT TAXES:
The Central Board of Direct Taxes (CBDT), created by the Central Boards of Revenue Act 1963, is the apex body engaged in the administration of Direct Taxes in India viz. income tax, corporation tax, wealth tax, etc. It consists of a Chairman and six members. It is the cadre controlling authority for the Income Tax Department. It employs a workforce of 41684 officers and staff, of which approximately 27.35% are Gazetted officers in Groups ‘A' and ‘B' categories and the remaining are non Gazetted employees in Groups ‘C' and ‘D' categories.
CBDT is assisted by the following Directorates:
(i) Directorate of Income Tax (Public Relations, Printing, Publication and Official Languages)
(ii) Directorate of Income Tax (Recovery)
(iii) Directorate of Income Tax (Audit)
(iv) Directorate of Income Tax (Income Tax)
(v) Directorate of Income Tax (Organization and Management Services)
(vi) Directorate of Income Tax (Systems)
(vii) Directorate of Income Tax (Investigations)
(viii) Directorate of Income Tax (Vigilance)
(ix) Directorate of Income Tax (Exemption)
(x) Directorate of Income Tax (Legal & Research)
(xi) Directorate of Income Tax (International Taxation)
(xii) Directorate of Income Tax (Infrastructure)
(xiii) Directorate of Income Tax (Tax Deduction at Source)
(xiv) Directorate of Income Tax (Human Resources Development)
(xv) Directorate of Income Tax (Business Process Reengineering)
(xvi) Directorate of Income Tax (Intelligence & Criminal Investigation)
(xvii) Directorate of Income Tax (Expenditure Budget)
E-Filing: In the year 2012-13, upto December 2012, 147.51 lakhs e-returns have been filed. The Centralised Processing Centre (CPC) at Bangalore processed 1,12,87,911 returns in this financial year up to December 2012. CPC has achieved a peak processing capacity of 1.79 Lac returns per day.
Payment of direct taxes through ATMs: The facility has been introduced by 13 selected banks both Public and Private Sector. This facility is being expanded.
They too don't spend: The Income Tax Department, last year could spend only Rs. 3239.85 crore out of the Rs. 3897.27 sanctioned, surrendering 657 crores.
FORM 26AS
- This facility of viewing 26AS statements is available online on internet to the taxpayers. The 26AS Scheme has a potential to reduce the mis-match as the taxpayer is now aware of the gaps in the tax credit and, therefore, he facilitates the department by chasing the deductor to comply.
- In order to eliminate TDS mismatch, CBDT has issued a circular through which all Deductors have to mandatorily download Form 16A from the TIN portal.
- This also gives information about Refunds Paid, AIR Information like investment in shares, mutual funds etc. and details of TDS deducted as well as deposited. In this way the assesse can verify his details.