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I-T Dept to focus on widening of tax base and maximising e-assessment

04 Sep 2017 Evaluate

In order to minimise human interface, the Income Tax (I-T) Department will focus more on e-assessment which will also lead to complete transparency, by ensuring work to be completed online. Besides, the Central Board of Direct Taxes (CBDT) which is a part of Department of Revenue in the Ministry of Finance, aims to add a sizeable number of new taxpayers in the current fiscal. It aims to achieve the twin objectives of substantially reducing the number of appeals and the disputed demand before CIT (appeals).

Prime Minister Narendra Modi, to track undeclared wealth and fix clear targets for improving tax administration by 2022, also asked tax officials to use data analytics. PM asked taxmen to clear pendency of cases and create an environment that instills confidence among honest taxpayers and uproots corruption.

Revenue Secretary Hasmukh Adhia too expressed need of coordination between both the CBDT and Central Board of Excise and Customs (CBEC), further stressing that genuine grievances of taxpayers should be disposed off on priority and taxpayers should be treated with courtesy. He underlined the importance of increasing efforts to garner revenue in light of the data that is available post demonetisation.