Role of the Central Board of Direct Taxes (CBDT) in Taxpayer Regulation by Return Filings Via Flickr:
📌 Understanding the Role of CBDT in India’s Tax Landscape
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The Central Board of Direct Taxes (CBDT) is the backbone of India's direct taxation system. From policy drafting to ensuring taxpayer compliance, here’s how CBDT functions: 👇
✅ Policy Making & Implementation ▪️ Designs and updates tax policies under the Income Tax Act ▪️ Ensures effective law enforcement across India
✅ Tax Administration & Collection ▪️ Supervises Income Tax Department operations ▪️ Manages TDS, refund processing, and tax enforcement
✅ Fighting Tax Evasion ▪️ Conducts investigations, audits, and raids ▪️ Utilizes digital tools for better traceability
✅ Supporting Taxpayers ▪️ Runs online portals for e-filing and grievance resolution ▪️ Assists with return filing, refund tracking, and query handling
✅ Global Tax Compliance ▪️ Handles Double Taxation Avoidance Agreements (DTAAs) ▪️ Coordinates with global frameworks like FATCA & BEPS
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