Current Affairs

Web Portal Launched by Tax Department

Current context: The tax department has launched a web portal and was inaugurated on Income Tax website by the Central Board of Direct Taxes (CBDT) Chairman P C Mody on 22nd Nov 19. 
Web Portal Launched by Tax Department
  • The portal will provide information about procedures related to automatic exchange of information under common reporting standards.
  • The web portal will be the repository of circulars, notifications issued by CBDT, links to relevant circulars and guidance issued by the regulatory bodies both national and international, get information about the Indian laws etc.
  • The portal will be useful for domestic financial institutions, foreign tax authorities and financial institutions, and public.
  • Under the Common Reporting Standard (CRS) on Automatic Exchange of Information (AEOI), India is committed to exchange financial account information automatically from 2017.

Question: 

Q: 1. Who is the present Chairman of Central Board of Direct Taxes (CBDT)?
a. Pranab Kumar Das
b. S Ramesh
c. Pramod Chandra Mody
d. Vundela Malakonda Reddy
Web Portal Launched by Tax Department Web Portal Launched by Tax Department Reviewed by Shweta Kashyap on November 24, 2019 Rating: 5

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