Indian Revenue Service Current Affairs, GK & News

K M Prasad appointed as new Principal Chief Commissioner of Income-tax (PCCIT) of National e-assessment centre

The National e-Assessment Centre (NeAC) has been set up by the  Central Board of Direct Taxes (CBDT) in the national capital as part of the government’s ambitious plan to launch faceless and nameless assessment for Income Tax  (IT) payers from October 2019. K M Prasad, the 1984-batch Indian Revenue Service (IRS) officer, has been appointed ..

Topics: Central Civil Services • Commissioner of Income Tax • Economy of India • Government of India • Income Tax • Income tax in India • Indian Revenue Service • Internal Revenue Service • Ministry of Finance • Tax • Taxation in India

Akhilesh Ranjan task force on Direct Tax Code submits Report to Finance Ministry

The task force, headed by CBDT member Akhilesh Ranjan, constituted by the Union government for drafting the new Direct Tax Code (DTC) has recently submitted its report to Union Minister of Finance and Corporate Affairs Nirmala Sitharaman. The task force was constituted to replace the 6-decades-old Income Tax Act 1961. It is believed that the ..

Topics: Central Civil Services • Economy • Income Tax • Income Tax Department • Income tax in India • Indian Revenue Service • Ministry of Finance • Personal finance • Tax • Taxation in India

Shefali Juneja appointed as India’s representative in council of International Civil Aviation Organisation

Shefali Juneja, a 1992 batch officer of Indian Revenue Service (Income Tax cadre), has been appointed to the post of Representative of India in the council of International Civil Aviation Organisation (ICAO) in Montreal, Canada for a period of 3 years. She will replace senior IAS officer Alok Shekhar.

Topics: Central Civil Services • Civil Services of India • Government of India • Indian Administrative Service • Indian Revenue Service • Ministry of Finance • Taxation in India

Pramod Chandra Mody appointed as chairman of Central Board of Direct Taxes (CBDT)

Pramod Chandra Mody, a 1982 batch Indian Revenue Service (Income Tax cadre), has been appointed as the new chairman of Central Board of Direct Taxes (CBDT), the top policy making body of income tax department,. He succeeded Sushil Chandra, who was named as an new Election Commissioner (EC) of India. The CBDT Chairperson is ex-officio ..

Topics: Central Civil Services • Chairperson, Central Board of Direct Taxes • Economy of India • Government of India • Income Tax Department • Income tax in India • India • Indian Revenue Service • Ministry of Finance • Secretary to the Government of India • Taxation in India

Sanjay Kumar Mishra given charge of Enforcement Directorate (ED) director for three months

Sanjay Kumar Mishra, a 1984-batch Indian Revenue Service (IRS) officer of the Income Tax cadre, has been appointed as the principal special director in the central probe agency and entrusted with the “additional” charge of Enforcement Directorate (ED) director for three months. Mishra succeeded Karnal Singh. The post of ED director is an additional secretary ..

Topics: Central Civil Services • Enforcement Directorate • Federal Emergency Management Agency • Government • Indian Revenue Service • Internal Revenue Service • Ministry of Finance • Money Laundering • Prevention of Money Laundering Act • Tax • Taxation in India