The Central Board of Direct Taxes (CBDT) is a statutory authority for providing essential inputs for policy and planning of direct taxes in India and is also responsible for administration of direct tax laws through Inco

CS Executive · Tax Laws · PYQS · December 2020
The Central Board of Direct Taxes (CBDT) is a statutory authority for providing essential inputs for policy and planning of direct taxes in India and is also responsible for administration of direct tax laws through Income Tax Department and is functioning under the :
(A) Income Tax Act, 1961
(B) Financial Action Task Force (FATF)
(C) Central Board of Revenue Act, 1924
(D) Central Board of Revenue Act, 1963

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D). Official source note: The Central Board of Direct Taxes (CBDT) is a statutory authority for providing essential inputs for policy and planning of direct taxes in India and is also responsible for administration of direct tax laws through Income Tax Department and is functioning under the : (A) Income Tax Act, 1961 (B) Financial Action Task Force (FATF) (C) Central Board of Revenue Act, 1924 (D) Central Board of Revenue Act, 1963

Topics: Basic Concepts of Income Tax

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