INDIA, DELHI: Guaranteeing traders of a constant tax program, Fund Reverend P Chidambaram on Thursday said the Earnings Tax Division would embrace a non-adversarial strategy in understanding the immediate tax focus on of Rs 5.70 lakh crore for 2012-13.
"We will make sure there is a constant tax program, there is constant tax regulations and everybody (tax department) switches into a non-adversarial strategy to tax selection.
"Tax department will be helpful, beneficial, entertaining. Will help you pay your taxation. Nobody needs to conceal any needless worry of the tax department," Chidambaram informed correspondents after conference top authorities of the Main Panel of Direct Taxes (CBDT) in the nationwide investment.
Referring to the tax selection focus on of Rs 5.70 lakh crore for the present financial, he said the immediate tax selections are increasing at 10.5 %, while the asking amount is 15 % to fulfill the funds focus on.
"We will be able to get the focus on ... I think the second 50 percent of the season, the active period, we should be able to get the focus on even after considering the extra reimbursement that has to be given," Chidambaram said.
The Fund Reverend said nine out of 10 Indians are tax problems. "Many professional-run companies do tax preparing. But tax preparing does not mean tax non-compliance," he said.
Chidambaram said tax-payers need not conceal worry if their come back types are grabbed for analysis.
While the business tax amount is 30 %, efficient amount earnings 24 % due to expenses, exceptions and carve-outs. However, several areas are shelling out only 10-22 % tax.
"Therefore, the appropriate way ... is to look at the areas which are well below the common, then look at areas which are nearer to the common to see whether the common can be brought up. Even if the common is brought up from 24 % to 26 %, we will gather approximately Rs 30,000 crore (more)," Chidambaram said.
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