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Under the recommendation of the Seventh Central Pay Commission, the CCA classification was abolished in 2008. The earlier HRA classification of cities was changed from A-1 to X; A, B-1, and B-2 to Y; and C and unclassified cities to Z. [2] [3] [4] X, Y, and Z are more commonly known as Tier-1, Tier-2, and Tier-3 cities, respectively.
The Directorate of Revenue Intelligence (DRI) is an Indian intelligence agency.It is India's apex anti-smuggling intelligence, investigations and operations agency. The Directorate is run by officers from the Central Board of Indirect Taxes and Customs (CBIC) who are posted in its various Zonal Units as well as in Indian embassies abroad as part of the Customs Overseas Intelligence Network.
The Investigation Division of the CBDT, abbreviated as Inv-CBDT, is the revenue enforcement agency of the Central Board of Direct Taxes, Government of India.It functions under the Department of Revenue in the Union Ministry of Finance and is concerned with the collection and administration of, as well as enforcement and prosecution of cases related to, the various direct taxes accruing to the ...
Income Tax Department. The Income-tax Act, 1961 is the charging statute of Income Tax in India.It provides for levy, administration, collection and recovery of Income Tax. The Government of India brought a draft statute called the "Direct Taxes Code" intended to replace the Income Tax Act, 1961 and the Wealth Tax Act, 19
In 1957, the unit was renamed as the "Enforcement Directorate," and a new branch was opened in Madras (now Chennai). The administrative control of the Directorate was transferred from the Department of Economic Affairs to the Department of Revenue in 1960. [6] Over the years, the ED's mandate expanded.
The act, which became effective on 1 April 1962, replaced the Indian Income Tax Act, 1922. Current income-tax law is governed by the 1961 act, which has 298 sections and four schedules. [9] The Direct Taxes Code Bill was sponsored in Parliament on 30 August 2010 by the finance minister to replace the Income Tax Act, 1961 and the Wealth Tax Act ...
The Congress accused the BJP of engaging in "tax terrorism" and alleged that the BJP is in serious violation of income-tax laws and that the IT department should raise a demand of ₹ 4,617.58 crore (US$553 million) crore from the BJP for such violations.
The Canteen Stores Department, (CSD), is a solely owned Government of India Enterprise under Ministry of Defence and has its depot in all major military bases operated by the Indian Armed Forces. CSD are the most profitable retail chain in India, ahead of Future & Reliance Retail [ 2 ] and sell a wide variety of products like household ...