CURRENT AFFAIRS

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

CBDT and the Central Board of Indirect Taxes and Customs (CBIC), signed MoU for a smoother data exchange between the two organizations. Who is chairman of CBDT?

A	Ravi Dubey
B	Rekha Prasad
C	Pramod Chandra Mody
D	M. Ajit Kumar

Explanation:

Detailed explanation-1: -1. Shri Vivek Johri is Chairman, Central Board of Indirect Taxes & Customs and Special Secretary to the Government of India.

Detailed explanation-2: -Recently, the Central government has clarified that it has no proposal to merge the Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC). The clarification came after the news appeared in certain sections of media that the government was considering to merge the two boards.

Detailed explanation-3: -Difference between CBDT and CBIC (earlier CBEC) The full form of CBDT is – Central Board of Direct Taxes and CBIC full form is Central Board of Indirect Taxes and Customs which was earlier also called CBEC i.e. Central Board of Excise and Customs. Both CBDT and CBIC come under the Department of Revenue.

Detailed explanation-4: -“Central Board of Excise and Customs (CBEC) is a part of the Department of Revenue under the Ministry of Finance, Government of India.

There is 1 question to complete.