Ravi Agrawal Appointed as New Chairman of CBDT
| Event | Details |
|---|---|
| Appointment | Ravi Agrawal, a 1988-batch IRS officer, appointed as the new chairman of the Central Board of Direct Taxes (CBDT). |
| Previous Chairman | Succeeds Nitin Gupta, whose tenure ended on June 30, 2024. |
| Tenure | Agrawal's appointment extends till June 2025, with a reappointment on a contract basis. |
| Previous Role | Previously served as a member (administration) in the CBDT. |
| Key Responsibilities | Oversee critical tax policy decisions and manage upcoming Union government budgets in July 2024 and February 2025. |
| Board Members | Pragya Sahay Saksena, HBS Gill, Pravin Kumar, Sanjay Kumar, and Sanjay Kumar Verma (retires on June 30, 2024). |
| CBDT Functions | Administers direct taxes such as income tax, corporate tax, and wealth tax. |
| Structure | Headed by a chairman, with up to six members in the rank of special secretary. |
| Policy Making | Responsible for formulating policies related to direct taxes and ensuring their implementation. |
| Authority | Exercises control and supervision over the Income Tax Department. |
| Tenure of Chairman and Members | Appointed by the government, with the chairman typically serving a fixed term. |