₹95,000-cr. disputes resolved in larger scheme: CBDT head
The government’s focus in Budget 2021-22 is to make tax compliance easy and simple so as to boost voluntary compliance even while cracking down on tax evaders, said Central Board of Direct Taxes Chairperson P.C. Mody. Excerpts:
You have assumed a significantly higher tax buoyancy from corporate income tax. Could you give us a sense of the target-setting exercise?
The current year’s projections are very realistic, so are the projections for next year. But the pandemic made this an exceptional year, so a revision was required and was made. Based on that, next year’s projection has been made. One has also to factor in the ease of compliance that has been brought about, the certainty of the tax culture. You are getting better tax administration and processes, with information you have entered in your own portal to enable you to file your returns properly and conveniently.
All of this together should create an…