Income Tax Department

Central government agency in India

The Income Tax Department is a government agency undertaking direct tax collection of the government of the Republic of India. It functions under the Department of Revenue of the Ministry of Finance. The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT). The main responsibility of the Income Tax Department is to enforce various direct tax laws, most important among these being the Income-tax Act, 1961, to collect revenue for the government of India. It also enforces other economic laws such as the Benami Transactions (Prohibition) Act, 1988, and the Black Money Act, 2015.

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A Comptroller and Auditor General (CAG) report revealed significant flaws in the Income Tax department's functioning, including non-sharing of data, exaggerated..
Credit: IndiaTimes - Published 4 days ago

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