Administration of Taxes in India

Note

The Department of Revenue of Ministry of Finance, Government of India, functions under the overall direction and control of the  Revenue Secretary. It exercises control in respect of matters relating to all the Direct and Indirect Union Taxes through two statutory Boards namely, the Central Board of Direct Taxes (CBDT) and the Central Board of Excise and Customs (CBEC).Administration of taxes governed by the said two bodies namely the Central Board of Direct Taxes and Central Board of Excise and Customs with effect from 1.1.1964 under  Central Board of Revenue Act, 1963. The Department of Revenue also looks after the administration of the Indian Stamp Act 1899 (to the extent falling within the jurisdiction of the Union), the Central Sales Tax Act 1956, the Narcotic Drugs and Psychotropic Substances Act 1985 (NDPSA), the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act 1976 (SAFEM (FOP) A), the Foreign Exchange Management Act 1999 (FEMA), Prevention of Money- Laundering Act, 2002 and the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (COFEPOSA).

DIRECT TAXES

Corporate Tax
Income Tax
Other Direct Taxes

INDIRECT TAXES

Customs
Central Excise
Service Tax
Goods and Services Tax

The Department of Revenue administers the following Acts:

  • Income Tax Act, 1961;
  • Wealth Tax Act, 1958;
  • Expenditure Tax Act, 1987;
  • Benami Transactions (Prohibition) Act, 1988;
  • Super Profits Act, 1963;
  • Companies (Profits) Sur-tax Act, 1964;
  • Compulsory Deposit (Income Tax Payers) Scheme Act, 1974;
  • Chapter VII of Finance (No.2) Act, 2004 (Relating to Levy of Securities Transactions Tax)
  • Chapter VII of Finance Act 2005 (Relating to Banking Cash Transaction Tax)
  • Chapter V of Finance Act, 1994 (relating to Service Tax)
  • Central Excise Act, 1944 and related matters;
  • Customs Act, 1962 and related matters;
  • Medicinal and Toilet Preparations (Excise Duties) Act, 1955;
  • Central Sales Tax Act, 1956;
  • Narcotic Drugs and Psychotropic Substances Act, 1985;
  • Prevention of Illicit Traffic in Narcotic Drugs and Psychotropic Substances Act, 1988;
  • Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976;
  • Indian Stamp Act, 1899 (to the extent falling within jurisdiction of the Union);
  • Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974;
  • Foreign Exchange Management Act, 1999; and
  • Prevention of Money Laundering Act, 2002.
The Central Board of Direct Taxes consists of a Chairman and following 
six Members: -
  1. Chairman
  2. Member (Income-tax)
  3. Member (Legislation & Computerisation)
  4. Member (Personnel & Vigilance)
  5. Member (Investigation)
  6. Member (Revenue)
  7. Member (Audit & Judicial)
Connected Laws 

Income-tax Act, 1961
Wealth-Tax Act, 1957
Gift-Tax Act, 1958
Finance Acts
Air (Prevention And Control of Pollution) Act, 1981
Apprentices Act, 1961
Arbitration And Conciliation Act, 1996
Banking Cash Transaction Tax
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
Central Boards of Revenue Act, 1963
Charitable And Religious Trusts Act, 1920
Charitable Endowments Act, 1890
Chartered Accountants Act, 1949
Code of Criminal Procedure, 1973
Commodities Transaction Tax
Companies Act, 1956
Companies Act, 2013
Company Secretaries Act, 1980
Competition Act, 2002
Conservation of Foreign Exchange And Prevention of Smuggling Activities Act, 1974
Consumer Protection Act, 1986
Copyright Act, 1957
Cost And Works Accountants Act, 1959
Credit Information Companies (Regulation) Act, 2005
Depositories Act, 1996
Designs Act, 2000
Economic Offences (Inapplicability of Limitation) Act, 1974
Emblems And Names (Prevention of Improper Use) Act, 1950
Employees Compensation Act, 1923
Employees Provident Funds And Miscellaneous Provisions Act, 1952
Employees’ State Insurance Act, 1948
Employers’ Liability Act, 1938
Environment Protection Act, 1986
Equal Remuneration Act, 1976
Essential Commodities Act, 1955
Expenditure-Tax Act, 1987
Factories Act, 1948
Foreign Contribution (Regulation) Act, 2010
Foreign Exchange Management Act, 1999
Foreign Trade (Development & Regulation) Act, 1992
General Clauses Act, 1897
Gold Bonds (Immunities And Exemptions) Act, 1993
Hindu Adoptions And Maintenance Act, 1956
Hindu Marriage Act, 1955
Hindu Minority And Guardianship Act, 1956
Hindu Succession Act, 1956
Indian Contract Act, 1872
Indian Easements Act, 1882
Indian Evidence Act, 1872
Indian Fatal Accidents Act, 1855
Indian Income-Tax Act, 1922
Indian Partnership Act, 1932
Indian Penal Code, 1860
Indian Stamp Act, 1899
Indian Trusts Act, 1882
Industrial Disputes Act, 1947
Industrial Employment (Standing Orders) Act, 1946
Industries (Development & Regulation) Act, 1951
Information Technology Act, 2000
Insurance Regulatory And Development Authority Act, 1999
Interest-Tax Act, 1974
Labour Laws (Exemption from Furnishing Returns And Maintaining Registers by Certain Establishments) Act, 1988
Land Acquisition Act, 1894
Legal Metrology Act, 2009
Limitation Act, 1963
Limited Liability Partnership Act, 2008
Maternity Benefit Act, 1961
Micro, Small And Medium Enterprises Development Act, 2006
Minimum Wages Act, 1948
National Green Tribunal Act, 2010
National Tax Tribunal Act, 2005
Negotiable Instruments Act, 1881
Partition Act, 1893
Patents Act, 1970
Payment of Bonus Act, 1965
Payment of Gratuity Act, 1972
Payment of Wages Act, 1936
Personal Injuries (Compensation Insurance) Act, 1963
PREFERENCE SHARES (REGULATION OF DIVIDENDS) ACT, 1960
Prevention of Corruption Act, 1988
Prevention of Money Laundering Act, 2002
Prohibition of Benami Property Transactions Act, 1988
Public Liability Insurance Act, 1991
Public Provident Fund Act, 1968
Recovery of Debts Due to Banks And Financial Institutions Act, 1993
Registration Act, 1908
Reserve Bank of India Act, 1934
Right to Information Act, 2005
Sale of Goods Act, 1930
Sales Promotion Employees (Conditions of Service) Act, 1976
Securities And Exchange Board of India Act, 1992
Securities Contracts (Regulation) Act, 1956
Securities Transaction Tax
Securitisation And Reconstruction of Financial Assets And Enforcement of Security Interest Act, 2002
Sick Industrial Companies (Special Provisions) Act, 1985
SICK INDUSTRIAL COMPANIES (SPECIAL PROVISIONS) REPEAL ACT, 2003
Societies Registration Act, 1860
Special Bearer Bonds (Immunities And Exemptions) Act, 1981
Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992
Special Economic Zone Act, 2005
Specific Relief Act, 1963
STATE EMBLEM OF INDIA (PROHIBITION OF IMPROPER USE) ACT, 2005
Trade Marks Act, 1999
Transfer of Property Act, 1882
Urban Land (Ceiling And Regulation) Repeal Act, 1999
Voluntary Deposits (Immunities And Exemptions) Act, 1991
Water (Prevention And Control of Pollution) Act, 1974
Weekly Holidays Act, 1942

Connected Rules
  1. Income Tax Rules
  2. Other Direct Tax Rules
Accounting Standards Notified under Section 145(2)
Authority for Advance Rulings (Procedure) Rules, 1996
Bank Term Deposit Scheme, 2006
Banking Cash Transaction Tax Rules, 2005
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015
Capital Gains Accounts Scheme, 1988
Centralised Processing of Returns Scheme, 2011
Companies (Accounting Standards) Rules, 2006
Companies (Auditors Report) Order, 2003
Deposit Scheme for Retiring Employees of Public Sector Companies, 1991
Deposit Scheme for Retiring Government Employees, 1989
Direct Tax Dispute Resolution Scheme Rules, 2016
Electronic Filing of Returns of Tax Collected at Source Scheme, 2005
Electronic Filing of Returns of Tax Deducted at Source Scheme, 2003
Electronic Furnishing of Return of Income Scheme, 2004
Electronic Furnishing of Return of Income Scheme, 2007
Electronic Hardware Technology Park (Ehtp) Scheme
Employees Stock Option Plan or Scheme
Equity Linked Savings Scheme, 2005
European Economic Community International Institutional Partners Scheme, 1993
Expenditure-Tax Rules, 1987
Furnishing of Return of Income on Internet Scheme, 2004
Guidelines for Providing Training by Shipping Companies for Tonnage-Tax Scheme under Chapter Xii-G of Income-Tax Act
Hospitalisation And Domiciliary hospitalisation Benefit Policy
Income Declaration Scheme Rules, 2016
Income-tax (Appellate Tribunal) Rules, 1963
Income-tax (Certificate Proceedings) Rules, 1962
Income-tax (Dispute Resolution Panel) Rules, 2009
Income-Tax Ombudsman Guidelines, 2010
Income-tax Rules
Income-tax Settlement Commission (Procedure) Rules, 1997
Income-tax Welfare Fund Rules, 2007
Industrial Park Scheme, 2002
Industrial Park Scheme, 2008
Instructions to Subordinate Authorities – Authorisation Regarding Condonation of Delay in Filing Refund Claim
Investment Deposit Account Scheme, 1986
Issue of Foreign Currency Convertible Bonds And Ordinary Shares (Through Depositary Receipt Mechanism) Scheme, 1993
Issue of Foreign Currency Exchangeable Bonds Scheme, 2008
National Savings Certificates (IX-Issue) Rules, 2011
National Savings Certificates (Vi Issue) Rules, 1981
National Savings Certificates (Vii Issue) Rules, 1981
National Savings Certificates (Viii Issue) Rules, 1989
National Savings Scheme Rules, 1987
National Savings Scheme Rules, 1992
Prohibition of Benami Property Transactions Rules, 2016
Public Provident Fund Scheme, 1968
Reverse Mortgage Scheme, 2008
Scheme for Bulk Filing of Returns by Salaried Employees, 2002
Scheme for Filing of Returns by Salaried Employees Through Employer, 2004
Scheme for Furnishing of Paper Returns of Tax Collected at Source, 2005
Scheme for Furnishing of Paper Returns of Tax Deducted at Source, 2005
Scheme to Develop, Operate & Maintain Special Economic Zones under Section 80-Ia of The Income-Tax Act Read with Rule 18C(2) of Income-Tax Rules
SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009
Securities Lending Scheme, 1997
Securities Transaction Tax Rules, 2004
SENIOR CITIZENS SAVINGS SCHEME RULES, 2004
Site Restoration Fund Scheme, 1999
Social Security Certificates Rules, 1982
Software Technology Parks Scheme
Tax Return Preparer Scheme, 2006
Waiver or Reduction of Interest
Wealth-Tax Rules, 1957
Wealth-Tax Settlement Commission (Procedure) Rules, 1997
CONNECTED DEPARTMENTS FUNCTIONS UNDER MINISTRY OF FINANCE
  • Commissionerate/Directorates under Central Board of Excise and Customs;
  • Commissionerate/Directorates under Central Board of Direct Taxes;
  • Central Economic Intelligence Bureau;
  • Directorate of Enforcement;
  • Central Bureau of Narcotics;
  • Chief Controller of Factories;
  • Appellate Tribunal for Forfeited Property;
  • Income Tax Settlement Commission;
  • Customs and Central Excise Settlement Commission;
  • Customs, Excise and  Service Tax Appellate Tribunal;
  • Authority for Advance Rulings for Income Tax;
  • Authority for Advance Rulings for Customs and Central Excise;
  • National Committee for Promotion of Social and Economic Welfare;
  • Competent Authorities appointed under Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 & Narcotic Drugs and Psychotropic Substances Act, 1985;
  • Financial Intelligence Unit, India (FIU-IND);
  • Central Economic Intelligence Bureau (CEIB)
  • Competent Authorities appointed under SAFEM (FOP) A and NDPSA
  • Income Tax Ombudsman
CONNECTED LINKS