Slew of Administrative Measures for Optimum Efficiency of the Tax
Regime
The Finance Minister has proposed to continue the series of
administrative measures for improving the overall efficiency of the tax regime.
Presenting the Union Budget in the Lok Sabha today, Shri P.Chidambaram said
that he proposed to expand the slew of administrative measures as below:-
Expansion in the scope of annual information returns.
Extension of the e-payment facility through more banks.
Extension of the refund banker system to refunds of more than
Rs.50,000/-.
Making e-filing mandatory for more categories of assessees.
Shri P.Chidambaram said that the Income Tax Department is rapidly
moving towards technology based processing as is evident from the Central
Processing Cell set-up at Bengaluru and the Central Processing Cell-TDS
inaugurated a few days ago at Vaishali, Ghaziabad. The fifth large Tax payer
unit will be opened at Kolkata shortly.
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