Forty three per cent of IT collection target achieved till Oct

Kolkata, Nov 15 (UNI) The Income Tax authorities has fixed the target of tax collection at Rs 11,000 crore in the current fiscal and 43 per cent of it has been achieved till October, Mr T K Chatterjee, Chief Commissioner of Income Tax-1, Union Ministry of Finance, said today.

Interacting with the members of Bharat Chamber of Commerce here, Mr Chatterjee said compared to last year collection of tax, both personal and corporate, has increased this year.

'' There has been substantial increase in regard to tax collection compared to last year and we are hopeful of achieving the target this year,'' he observed.

Referring to the introduction of a new form for filing of IT returns and its criticism from some quarters, Mr Chatterjee informed that he would recommend the Chairman of Central Board of Direct Taxes (CBDT) to take 'remedial measures.' Talking about E-filing of TDS returns, he said one Commissioner of Income Tax has been appointed to deal with the issue.

'' We are committed to making the tax collection system more accountable and a grievance cell has already been formed to make it more transparent,'' Mr Chatterjee maintained.

UNI