India must focus on data mining: Shome
Agencies: New Delhi, Nov 22 2012, 21:59 IST
corporation tax of Rs 10 crore or plus.
Recently, Chidambaram had asked officers to focus on low taxpaying sectors to add an additional Rs 30,000 crore to the revenue kitty.
The minister had said though the applicable tax rate for corporations was 30 per cent, the effective tax rate was just 24 per cent and even lower in some sectors.
He had further said instead of randomly going after taxpayers, most of whom duly paid taxes, the revenue department should focus on those below-average sectors to see whether the average could be raised for greater collection.
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