Ravi Agrawal, a 1988-Batch IRS Officer, has been appointed as the new Chairman of CBDT

Description

The Central Board of Direct Taxes (CBDT) has nominated Ravi Agrawal, an IRS official from the 1988 batch, as its new chairman. He suceeds Nitin Gupta, whose term ends on June 30, 2024. Agrawal's appointment is extended until June 2025, with a contract renewal to maintain consistency in the CBDT's policy frameworks.

Background And Roles

Previously a member (administration) of the board, Agrawal's extended stay seeks to monitor crucial tax policy decisions and handle impending Union government budgets in July 2024 and February 2025. His reappointment under unique conditions emphasizes the need of continuity in CBDT leadership. 

Board Structure And Membership

The CBDT is led by a chairman and has six special secretaries, including Pragya Sahay Saksena, HBS Gill, Pravin Kumar, Sanjay Kumar, and Sanjay Kumar Verma, who will retire on June 30, 2024.

CBDT: Key Points

• CBDT administers direct taxes such as income, corporation, and wealth taxes.

• CBDT, led by a chairman, can have up to six members serving as special secretaries.

• Policy Making- Responsible for developing and implementing direct tax policy.

• Authority- Has control and supervision over the Income Tax Department.

• Tenure- The government appoints the chairman and members, with the chairman serving a fixed term.

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