01 August 2016 Current Affairs: Senior Indian Revenue Service(IRS) officer Rani Singh Nair is set to be appointed the Central Board of Direct Taxes (CBDT) chairperson, with incumbent Atulesh Jindal retiring on 31 June 2016.
Nair, a 1979-batch IRS officer, is presently working as member (legislation and computerisation) in CBDT, policy making body of the Income-Tax department. Officials said the government has issued orders for her to take over as acting chief from Jindal and fresh orders by the Prime Minister-headed Appointments Committee of the Cabinet are expected soon, for her to take charge in a full capacity.Jindal took over as CBDT chief in February this year.
Once appointed, Nair will be in office till October 31 during which she will be looking to achieve maximum success under the ambitious one-time domestic black money disclosure scheme being run by the government also called the Income Declaration Scheme (IDS).It will close on September 30.
Nair has been instrumental in framing the procedures and protocols that led to the roll out of the IDS on June 1 this year that aims to fish out black funds from the domestic arena.
CBDT has six members apart from the Chairperson and is responsible for framing policy and administrative issues related to direct taxes and the Income Tax department.
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