The union government extended the term of Sushil Chandra, Chairman, Central Board of Direct Taxes by one more year.
According to a decision by the Appointments Committee of Cabinet, Chandra’s term will now come to an end on May 31, 2018. He was scheduled to retire on June 1 this year.
The Central Board of Direct Taxes (CBDT) provides essential inputs for policy and planning of direct taxes in India and is also responsible for administration of the direct tax laws through Income Tax Department.
The CBDT is a statutory authority functioning under the Central Board of Revenue Act, 1963.
The following are the functions of the CBDT Chairman:
Administrative planning of the IT Department.
Act as advisor and conscience keeper of the IRS.
Handle senior appointments.
Transfers and postings of officers in the cadre of Chief Commissioner of Income-tax and Commissioner of Income-tax.
Matters dealt with in the Foreign Tax and Tax Research Division, except matters under Section 80-O of the Income-tax Act, 1961.
Ensure that the Cabinet decisions are implemented
Advise the Finance Minister of India.
All matters relating to Central and Regional Direct Taxes Advisory Committees and Consultative Committee of the Parliament.
Provide an element of continuity and stability to administration during crises.