Income-Tax Department set to undergo major restructuring

  • Posted by Unknown
  • at Wednesday, October 23, 2013 -
  • 0 comments
After a detailed cadre review approved by the Government of India, the Income Tax Department is set to undergo a major overhaul to plug revenue leakages and widen the tax base.

The Union Cabinet gave its stamp of approval to the recommendation of the Group of Ministers (GoM) headed by Defence Minister A.K. Antony in May 2013. Central Board of Direct Taxes (CBDT) has formed several sub-committees and a Core Committee to study the jurisdiction and deployment of the posts at an early date to get the maximum benefit of the restructuring in the Income-Tax Department.

Author

Written by Admin

0 comments: