K.V. Chowdary appointed as new Chairman of Central Board of Direct Taxes

Senior IRS officer K V Chowdary appointed as new Chairman of Central Board of Direct Taxes (CBDT). He was apoointed on 1 August 2014.  CBDT is the apex authority of the Income Tax department.

He succeed R K Tewari. He retired on 31 July 2014.

Presently, he is working as the Member (Investigations) in the CBDT and is expected to take over the new charge from 1 August 2014. He will have tenure of three months.

The appointement was confirmed by the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi.

The CBDT has six members apart from the Chairman and is the apex body for framing policy and administrative issues related to direct taxes and the Income Tax department.

Chowdary is one of the longest serving member in the CBDT as he has earlier officiated as the Member (Audit and Judicial) before taking over the investigations charge, a post he occupied after serving as the Director General (Investigations) in the national capital where he was heading a number of high-profile I-T probes.

He has earlier served as the Chief Commissioner of I-T in Vishakhapatnam and Director (Investigations) in Nagpur.