Appointments Committee of Cabinet (ACC) has appointed senior IRS officer Pramod Chandra Mody as chairman of Central Board of Direct Taxes (CBDT). He will succeed Sushil Chandra, who was recently appointed Election Commissioner. He is 1982 batch Indian Revenue Service (Income Tax cadre). Prior to this appointment, he was member in CBDT.
Central Board of Direct Taxes (CBDT)
- It is nodal policy-making body of Income Tax (IT) department functioning under Department of Revenue, Union Ministry of Finance.
- It is a statutory authority established under The Central Board of Revenue Act, 1963.
- It is supreme body in India for framing policies related to direct taxes and is also tasked to enforce direct tax laws in the country.
- Composition of CBDT: It is headed by Chairman and can have maximum of six members.