n NISM Certifications
XV NISM Series XV
Medium

Which division under the Department of Revenue is responsible for handling income tax matters in India? The Department of Revenue, under the Ministry of Finance, has multiple boards that deal with different types of taxes and regulatory responsibilities. Identifying the correct board is essential for understanding the administrative framework of taxation in India.

Practice question from NISM XV Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    GST Council

  2. B

    Revenue Board of India

  3. C

    Central Board of Excise and Customs (CBEC)

  4. Central Board of Direct Taxes (CBDT)

    Correct answer

Why this is the answer

The Department of Revenue under the Ministry of Finance has two main boards that manage taxation in India. The Central Board of Direct Taxes (CBDT) handles direct taxes such as income tax and corporate tax, while CBIC manages indirect taxes. Hence, CBDT is responsible for income tax matters.

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