The Central Board of Direct Taxes (CBDT) is a key regulatory body in India that operates under the Ministry of Finance. It is responsible for formulating policies and overseeing the administration of direct taxes, such as income tax and wealth tax. CBDT plays a crucial role in framing tax laws, ensuring taxpayer compliance, and providing guidance to the Income Tax Department. Its functions include policy formulation, legislative oversight, appellate functions, and coordination with other agencies.

CLICK THE LINK TO KNOW MORE ABOUT CBDT notification on changes to rule 11 ua in respect of Angel Tax :- Press-Release-CBDT-notifies-changes-to-Rule-11UA-in-respect-of-ANGEL-TAX (1)