Want To Play Sherlock In Real Life? Becoming An INCOME TAX OFFICER Could Probably Be The One!
Since we?re going to be dealing with a little dry topic, let?s start off with a joke. What is the difference between tax avoidance and tax evasion? The jail walls!
What's the difference between a taxidermist and a tax collector? The taxidermist only takes the skin.
Why won't sharks attack tax inspectors? Professional courtesy. Alrighty, now let?s learn about the income tax department and the officers in depth.
WHAT IS THE INCOME TAX DEPARTMENT?
The Income Tax Department (also referred to as IT Department or ITD) is a government agency undertaking direct tax collection of the Government of India. It functions under the Department of Revenue of the Ministry of Finance. Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT). The main responsibility of IT Department is to enforce various direct tax laws, most important among these being the Income-tax Act, 1961, to collect revenue for Government of India. It also enforces other economic laws like the Benami Transactions (Prohibition) Act, 1988 and the Black Money Act, 2015.
The Income Tax Act, 1961 has a wide scope and empowers ITD to levy tax on income of individuals, firms, companies, local authorities, societies, or other artificial juridical persons. Therefore Income Tax Department influences businesses, professionals, NGOs, income-earning citizens, and local authorities among others. The Act empowers Income Tax Department to tax international businesses and professionals and therefore ITD deals in all matters of Double Taxation Avoidance Agreements and various other aspects of international taxation such as Transfer pricing. Combating tax evasion and tax avoidance practices is key duty of ITD to ensure constitutionally guided political economy. One measure to combat aggressive tax avoidance is General Anti Avoidance Rules (GAAR).
WHO IS AN INCOME TAX OFFICER?
An income tax Inspector is usually posted in the Assessment Section or Non-Assessment Section. In the Assessment section, the job is on-desk dealing with auditing and handling issues such as tax refund TDS, etc. Whereas in Non-Assessment Section their job includes intel and evidence gathering on possible defaulters by conducting rails with field teams. Duties of Income Tax Inspector includes assessment of tax returns and reporting possible discrepancies in the returns filed by the individual/companies etc. Income Tax Inspectors are part of the Department of Income Tax, which functions under the Central Board of Direct Taxes (CBDT), which is a statutory authority that deals with matters relating to levy and collection of direct taxes.
HOW TO BECOME AN INCOME TAX INSPECTOR?
SSC, the authorized body for recruitment of Grade C and B Inspectors conducts SSC CGL examination for recruitment of Income Tax Inspector, as the Department of Income Tax falls under the central government.
Eligibility Criteria for SSC CGL Examination
The minimum education requirement for the SSC CGL is Graduation in any discipline.
The age limit for applying for the posts of Income Tax Inspector through SSC CGL is 21 to 27 Years. In the SSC CGL Examination, candidates belonging to Scheduled Caste / Scheduled Tribes (SC / ST) category are given age relaxation which is 10 years, for OBC candidates 3 years and PWD class candidates the age relaxation is 10 years.
THE SUBJECTS INCLUDED IN THE COMPETITIVE EXAMS ARE AS FOLLOWS:
? General Studies
? Communication Skills and Writing.
SOME INSTITUTES THAT HOLD COACHING CLASSES FOR SSC CGL AND OTHER COMPETITIVE EXAMS FOR GOVT. JOBS:
There are ten training institutes set under the banner of DTRTI located at Mumbai, Lucknow, Kolkata, Hazaribagh, Delhi, Chennai, Chandigarh, Bhopal, Bangalore, and Ahmedabad. These training institutes are equipped with the latest technology and advanced training methods for training government personnel.
Income Tax Classes
VS Academy |
Academy Of Commerce
Adarsh Nagar, Jalandhar
Balajee Gharana Complex, Gaya
Being an income tax officer is a highly decorated position and brings you secured pay. It is an excellent career option, because, to quote Benjamin Franklin ?IN THIS WORLD NOTHING IS CERTAIN EXCEPT DEATH AND TAXES.?