NEW DELHI: India’s direct tax collection target of Rs 7.98 lakh crore for the current financial year is likely to be met on account of improvement in economic growth, the government said on Monday.
“The target of Rs 7.98 lakh crore that has been set for 2015-16 is very much achievable. It is a very realistic target, aligned with the kind of GDP growth which has been forecast in the economic survey and it is also based on our internal analysis and past and historical trends,” Revenue Secretary Shaktikanta Das said.
He has asked the income tax department to address the issue of delay in processing as well as incorrect processing of the returns filed.
“All the rectification of mistakes has to be done in a maximum period of 6 months,” he said at the annual conference of top tax officials here.
Echoing similar views on meeting direct tax collection target, Central Board of Direct Taxes (CBDT) Chairperson Anita Kapur said the target of Rs 7.98 lakh crore is “achievable”.
It would be the endeavour of the department to provide fair, transparent, consistent, responsive and supportive tax regime, she said.
The focus of the CBDT is the taxpayer who is the key stakeholder, she said, adding that it would be the endeavor of the department to make tax payers realise that they have a stake in the future.
On CBDT’s resolve to address taxpayer grievances, Ms Kapur said, “Even a single tear matters.”
“We also want to do effective deterrance… We will follow those with intrusive action such as search and seizure operation, surveys. We are not going to abandon those,” she said.
