What is CBDT tax HDFC?

What is CBDT tax HDFC?

HDFC Bank is the leading bank in collection of various tax payments (CBDT / CBEC) via electronic mode. Ministry of Finance has made TDS Payments mandatory via the Electronic Mode from 1st April 2008.23-Jan-2013

What does CBDT stand for?

Central Board of Direct Taxes

Where is CBDT?

New Delhi

What is CBDT and CBEC?

Organisation and Functions 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).

What is the role of CBDT?

Central Board of Direct Taxes The CBDT is a part of Department of Revenue in the Ministry of Finance. On one hand, CBDT provides essential inputs for policy and planning of direct taxes in India,at the same time it is also responsible for administration of direct tax laws through the Income Tax Department.

What are types of direct tax?

Types of Direct Taxes

• Income tax. It is based on one's income.
• Transfer taxes. The most common form of transfer taxes is the estate tax.
• Entitlement tax. This type of direct tax is the reason why people enjoy social programs like Medicare, Medicaid, and Social Security.
• Property tax.
• Capital gains tax.

How does CBDT verify income?

You can e-Verify your returns online using:

• OTP on mobile number registered with Aadhaar, or.
• EVC generated through your pre-validated bank account, or.
• EVC generated through your pre-validated demat account, or.
• EVC through ATM (offline method), or.
• Net Banking, or.
• Digital Signature Certificate (DSC).

Who is the father of income tax?

Sir James Wilson

Who is the head of CBDT?

New Delhi: Nitin Gupta, a 1986 batch Indian Revenue Services officer, has been appointed as the new chairman of the Central Board of Direct Taxes (CBDT), the administrative body of the Income Tax department.28-Jun-2022

When was CBDT established?

1-1-1964

Who's Who in CBDT?

Central Board of Direct Taxes

How do I contact CBDT?

Our Contacts

• +91 11 43572490.
• dbc.cbdt@incometax.gov.in.

What are the 3 types of GST?

Currently, the types of GST in India are CGST, SGST, and IGST. This simple division helps distinguish between inter-state and intra-state supplies and mitigates indirect taxes. To learn more, read about these three different types of GST.

What is salary of tax assistant in CBDT?

Group “C” 2400. After applying the 7th pay commission rules the in-hand salary of a Tax Assistant would be around Rs. 36000 under the pay band of Rs 5200-20200 (Pay Band-1 of the government).15-Sept-2021

Is GST an indirect tax?

Answer: GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer.

Which is the highest post in Income Tax Department?

• Principal Chief Commissioner of Income Tax. Rs. 80,000 (fixed)
• Chief Commissioner of Income Tax. Rs. 75,500-80,000.
• Principal Commissioner of Income Tax. Rs.
• Commissioner of Income Tax. Rs.
• Additional/Joint Commissioner of Income Tax. Rs.
• Deputy Commissioner of Income Tax. Rs.
• Assistant Commissioner of income Tax. Rs.

Who pays indirect tax?

It is not directly levied on the income of a person. Instead, he/she has to pay the tax along with the price of goods or services bought by the seller. The person paying the tax to the government and the person bearing the liability to pay the tax are thus, two different people.

Is TDS direct or indirect tax?

Tax Deducted at Source or TDS is a way of collecting indirect tax by The Government of India, as per the Income Tax Act, 1961. TDS that comes under IRS (Indian Revenue Service) is directly managed by CBDT (The Central Board of Direct taxes).

What is type of indirect tax?

Examples of indirect taxes are excise tax, VAT, and service tax. Examples of direct taxes are income tax, personal property tax, real property tax, and corporate tax.30-Jan-2022

What happens if I dont file ITR?

Non-filing of ITR can lead to imprisonment, where the term can vary between 3 months and 2 years. Non-filing of ITR can lead to imprisonment, where the term can vary between 3 months and 2 years.

How do I verify CBDT?

Online P​AN Verification

• Step-1. Logon to 'e-Filing' Portal https://www.incometax.gov.in/iec/foportal/
• Step-2. Click on 'Verify Your PAN details' hyperlink from the 'Quick Links' Section.
• Step-3. Enter the PAN, Full Name (As per PAN), Date of Birth and Choose the 'Status' as applicable.
• Step-4.

What is CBDT tax HDFC?