Senior bureaucrats Ajit Kumar Srivastava and Shabri Bhattasali were appointed members of Central Board of Direct Taxes (CBDT), the apex policy making body of the Income Tax department.
The role of the CBDT is to provide inputs for policy and planning of direct taxes in the country and the statutory authority also administers the direct tax laws through Income Tax Department. The CBDT functions under the Central Board of Revenue Act, 1963.
CBDT has introduced the Electronic PAN (e-PAN) card for individuals and for 19,704 newly incorporated companies as it tied up with the Ministry of Corporate Affairs (MCA).
Takeaways from above News-
- Ajit Kumar Srivastava and Shabri Bhattasali were appointed as new CBDT members
- Central Board of Direct Taxes is the full form of CBDT
- CBDT has introduced the Electronic PAN (e-PAN) card in collaboration with the Ministry of Corporate Affairs.
If you have any other takeaways, do share with us in the comment section
Source- The Economic Times