e-surveillance: 50 lakhs new tax payers, Rs 7,000 cr boost to tax collection in 2 years

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New Delhi | Published: June 18, 2016 7:23:25 AM

With the help of electronic surveillance, the government was able to add 50 lakh new tax payers, which led to collection of Rs 7,000 crore as taxes in the past two years, Atulesh Jindal, chairman of Central Board of Direct Taxes (CBDT) said on Friday.

income tax returnsWith the help of electronic surveillance, the government was able to add 50 lakh new tax payers, which led to collection of Rs 7,000 crore as taxes in the past two years, Atulesh Jindal, chairman of Central Board of Direct Taxes (CBDT) said on Friday. (Photo: Reuters)

With the help of electronic surveillance, the government was able to add 50 lakh new tax payers, which led to collection of Rs 7,000 crore as taxes in the past two years, Atulesh Jindal, chairman of Central Board of Direct Taxes (CBDT) said on Friday.

Najib Shah, chairman of CBEC said that the department’s preparedness for rolling out the Goods and Services Tax Bill (GST) have been discussed with the tax officials. “We are training our officers and sessions are held in all state capitals,” said Shah, adding that department is working towards the IT-enabled preparedness required to roll out the new tax regime.

The government is monitoring the high-value transactions across the country with the help of technology and matching them with the returns filed by tax payers. The e-data is sourced from banks, credit cards and property transactions among others, which helps to nab the tax evaders.

For the first time, the government held a joint conference — Gyan Sangam — of officers from the two revenue boards – the Central Board of Direct Taxes (CBDT), and the Central Board of Excise and Customs (CBEC) in New Delhi. The strategies to expand the tax payer base, tax payer satisfaction, technology up gradation, black money and achieve the revenue collection targets have been broadly discussed in the two-day conference.

The CBDT has also decided to set up a centralised grievance redressal mechanism – e-nivaram. The pilot project would be launched in the national capital in the next two-three weeks, said Jindal.

Meanwhile, the government would hold extensive publicity drive regarding the launch of two schemes — The Direct Tax Dispute Resolution Scheme and The Income Declaration Scheme 2016, said revenue secretary Hasmukh Adhia.

Finance minister Arun Jaitley unveiled in his latest Union Budget schemes that allows for settlement of cases pending in tribunals, arbitration or mediation under the Bilateral Investment Protection Agreement (BIPA). The declarations under this scheme may be made on or before December 31, 2016, in respect of tax arrears and specified tax.

In the Income Declaration Scheme taxpayers are allowed to report their unreported income or assets acquired using such income and come clean by becoming compliant.

The government has indicated that this is the last chance they want to provide to the taxpayers who may not have offered their complete income to tax in India.  It is stated that this is a further step by the Indian tax administration to create a non-adversarial tax regime, before they start wielding the tough arm of the law and implement the stringent provisions against persons who remain non-compliant.

On Thursday, minister of state for finance Jayant Sinha told media persons that the Prime Minister Narendra Modi while addressing the tax officials said that if you (tax officer) trust the taxpayer; if you build that bridge of trust between the taxpayer and the tax system, because people of India are inherently honest.

At the same time, the government would come up with plans to develop 57 vacant land sites across the country to create infrastructure for tax department.

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