The Income Tax (I-T) department will look for ways to meet the direct tax collection target of Rs 4.30 lakh crore at its two-day annual meet starting here tomorrow, despite several concessions declared in the Budget.
"The collection target becomes stiff in view of the relief and concessions announced in the Budget 2010 involving a direct tax outgo of about Rs 26,000 crore," an official statement said here today.
Finance Minister Pranab Mukherjee will inaugurate the 26th annual conference of chief commissioners and directors general of income tax here tomorrow.
The Budget estimate 2010-11 has pegged the direct tax haul at Rs 4,30,000 crore at a growth of 16.2 per cent over the budget estimates for 2009-10.
"The conference will deliberate strategies to achieve the tax collection target," the statement said.
Minister of State for Finance (Revenue) SS Palanimanickam will deliver the valedictory address on June 10.
Improving taxpayer services will be another area of concern, the department said.
The I-T department has taken several steps to improve the delivery of taxpayer services by introducing schemes such as e-filing of returns and e-payment of taxes. Other schemes include outsourcing PAN, online tax information network, large taxpayer units, refund banker scheme, Sevottam and Aayakar Sewa kendras and centralised processing centre.
"The conference will deliberate ways to consolidate and refine these schemes to further improve taxpayer services," the statement said.
To make tax administration more efficient and effective, the meet will deliberate upon organizational changes including augmenting manpower and delegation of financial powers, the statement said.
