Which of the following statements is/are correct about the Central Board of Direct Taxes (CBDT)? 1. It is a constitutional authority functioning under the Ministry of Trade and Commerce. 2. CBDT provides essential inputs for policy and planning of direct taxes in India, at the same time it is also responsible for administration of direct tax laws through the Income Tax Department. Select the correct answer using the codes given below: - Study24x7
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Which of the following statements is/are correct about the Central Board of Direct Taxes (CBDT)? 1. It is a constitutional authority functioning under the Ministry of Trade and Commerce. 2. CBDT provides essential inputs for policy and planning of direct taxes in India, at the...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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