Business »  Topic »  Income tax Assessment 2020: CBDT tells taxmen to compute tax demand for all assessees by August 31

Income tax Assessment 2020: CBDT tells taxmen to compute tax demand for all assessees by August 31


In a letter to Principal Chief Commissioners of Income Tax, Mody said that many taxpayers are waiting to file applications under 'Vivad Se Vishwas' scheme, but they are also waiting for correct demand to be intimated to them.

The actual gross direct tax collection in 2019-20 and 2018-19 stood at Rs 12.33 lakh crore and Rs 12.97 lakh crore, respectively.

With tepid collections proving to be a challenge in meeting tax revenue goals, CBDT Chairman P C Mody has set monthly targets for field formations for disposing of appeals and asked them to compute taxes for all assesses ...


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