New
Delhi: The Income tax department is planning to widen
the tax base and will discuss measures to be taken today.
Among
other items the department will focus on individuals earning
more than Rs10 lakh per annum.
Other
items of focus of finance minister P Chidambaram and the
income tax department will be maximising tax collections,
reducing arrears, rationalising reporting systems, scrutinising
norms and preventive vigilance.
The
revenue department has said that field officers should
try to raise the overall number of assessees by 15 per
cent during the year, more people are sought to be brought
under the Rs10lakh bracket and this category will be raised
by 50 per cent. At present, there are around 80,000 assessees
in this category.
The
finance minister wants the government to increase spending
on intelligence and information gathering than on resorting
to searches and seizures.
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