Categories: India

Ravi Agrawal, 1988-Batch IRS Officer, Appointed Chairman Of CBDT

1988-batch IRS officer, Ravi Agrawal has been appointed as the chairman of the Central Board of Direct Taxes, the administrative wing of the Income Tax Department.

He will take the handover from Nitin Gupta who is a 1986-batch officer of the Indian Revenue Services, whose extended tenure as the chairman will culminate on June 30. The new CBDT chief is currently serving as a Member (Administration) of the Board.

An official order revealed that Mr Agrawal will now lead the CBDT till June 2025. His scheduled retirement is in September this year, but his appointment order specifies that he will be reappointed on a contract basis until June 30 next year.

READ MORE: Mann Ki Baat: PM Modi Highlights Araku Coffee, Snow Peas, Paris Olympics | Key Takeaways

CBDT is the decision-making authority vested with the responsibility of the administration and laws that come under the purview of direct taxes through the Department of Income Tax. It is also a statutory body, which means it was established by an Act, and in this case, it is the Central Board of Revenue Act 1963. The body falls under the jurisdiction of the Ministry of Finance.

The body plays an important role in providing inputs for policy implementation and revenue allocation. The body is also engaged in the collection and allocation of direct taxes and also suggests legislative changes in Direct Tax Enactments.

The Central Board of Direct Taxes (CBDT) comprises a Chairman and six members, each overseeing specific areas:

  • Income Tax and Revenue
  • Administration
  • Legislation
  • Audit and Judicial Matters
  • Investigation
  • Transfer Pricing and Systems

Members of the CBDT are appointed from the Indian Revenue Service (IRS) and form the senior leadership of the Income Tax Department.

ALSO READ: PM Modi Releases Three Books To Celebrate Former Vice President Venkaiah Naidu’s Legacy

Prateek Levi

Recent Posts

Failing Year-End Exams? Centre Scraps No-Detention Policy For Classes 5 And 8: New Promotion Rules Explained

The Centre has abolished the no-detention policy for Classes 5 and 8 in central schools,…

3 mins ago

Bangladesh Launches Probe Into Alleged $5 Billion Embezzlement Linked To Former PM Sheikh Hasina And Family

Bangladesh's Anti-Corruption Commission has initiated an inquiry into allegations of embezzlement amounting to $5 billion,…

6 mins ago

Delhi HC Rejects ‘Pre-Arrest’ Bail To Ex IAS Trainee Puja Khedkar In UPSC Dupe Case

Puja Khedkar is alleged to have cheated and taken undue advantage of the OBC and…

18 mins ago

What Is Typhon Missile System? Philippines Announces Plans To Buy The Weapons System From US

The Philippines has confirmed plans to acquire the US-made Typhon missile system, a move that…

2 hours ago

KJS Cement Case: SC Refuses To Quash 2nd FIR Against Pawan Kumar Ahluwalia

The Supreme Court of India declined to intervene in a case involving Pawan Kumar Ahluwalia…

2 hours ago

Honda And Nissan Outline Ambitious Path To Merger In Industry Restructuring

Japanese car manufacturers Honda and Nissan have announced intentions to combine forces, paving the way…

2 hours ago