• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

IT chiefs discuss strategies for achieving revenue collection target

By Super Admin
|

New Delhi, Feb.4 (ANI): The Central Board of Direct Taxes (CBDT) convened a meeting of all cadre-Controlling Chief Commissioners of Income Tax here today to discuss strategies for achieving the revenue collection target budgeted at Rs.3,70,000 crore (Rs.3.7 trillion) and internally reset at Rs.4,00,000 crore (Rs.4 trillion).

The meeting was addressed by the Member (Revenue) and the Chairman, CBDT. The Revenue Secretary also attended the meeting.

The strategies discussed during the meeting include (i) monitoring advance tax payments of top companies and persuading them not to defer such payment as self-assessment tax for the next fiscal; (ii) monitoring tax payments of loss-making companies, liable to MAT at enhanced rate of 15 percent, and persuading them to make such payment as advance tax during the current fiscal; (iii) monitoring TDS deposits by private deductors as well as state governments / local bodies; and (iv) focussing on collection out of tax arrears, as well as tax demand raised in scrutiny assessments during the current fiscal. (ANI)

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more