Under the Income-tax Act, 2025, the ‘Board’ means the Central Board of Direct Taxes constituted under which Act?
Question and options
Under the Income-tax Act, 2025, the ‘Board’ means the Central Board of Direct Taxes constituted under which Act?
The Central Excise Act, 1944
The Income-tax Act, 2025
The Central Boards of Revenue Act, 1963
The Income-tax Act, 1961
Answer and explanation
Correct answer: C - The Central Boards of Revenue Act, 1963
Section 2(18) of the Income-tax Act, 2025 defines the Board as the Central Board of Direct Taxes constituted under the Central Boards of Revenue Act, 1963. The income-tax statutes, old or new, use the Board and confer powers on it but do not create it; the same 1963 Act also constitutes the board for indirect taxes and customs.
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