FCC

Nitin Gupta Appointed NFRA Chairperson

2025-07-26

Shri Nitin Gupta, IRS (Retd.), has taken charge as Chairperson of the National Financial Reporting Authority (NFRA) as of 23 July 2025. A former Chairman of the Central Board of Direct Taxes (CBDT) from June 2022 to June 2024, Mr Gupta brings over three decades of experience in income tax administration and policy.

During his tenure at CBDT, Mr Gupta spearheaded major technology-driven reforms, including automation, faceless assessments, and improved taxpayer services. He was instrumental in deploying artificial intelligence and big data analytics to boost compliance and transparency. These efforts contributed to a record rise in the direct tax-to-GDP ratio and steady year-on-year growth in tax revenue.

Three new Full-Time Members have also assumed office at NFRA: Ms Smita Jhingran, IRS (Retd.); Shri P Daniel, IDES (Retd.); and Shri Sushil Kumar Jaiswal, IA&AS (Retd.).

Ms Jhingran previously served as Full-Time Member at NFRA and was key in harmonising India’s auditing and accounting standards with international norms. She has also held senior roles in the Income Tax Department and was formerly Secretary at the Competition Commission of India.

Shri P Daniel, previously Secretary at the Central Vigilance Commission, has led reforms in preventive vigilance, transparency, and governance across public sector undertakings and central ministries. He also played a key role in defence land digitisation during his service at the Directorate General of Defence Estates.

Shri Sushil Kumar Jaiswal brings deep expertise in audit and public finance. As former Director General of Audit (Central Receipts), he supervised audits of central tax authorities and led audit reforms. Internationally, he conducted audits for UN peacekeeping missions and global agencies like WFP, FAO, and UNOPS.

The Secretary, Ministry of Corporate Affairs, administered the oath of office and secrecy to the newly appointed Chairperson and Members during a formal ceremony held on 23 July 2025.