Objective of collecting more revenue to be achieved: FM

Objective of collecting more revenue to be achieved: FM New Delhi: Finance Minister P Chidambaram today expressed the hope that twin objectives of improving tax -payer services and collecting more revenue would be achieved.

"The twin objectives of improving tax-payer services and collecting more revenue would be successfully achieved," a Finance Ministry statement said quoting Chidambaram.

He was addressing the first meeting of the reconstituted Central Direct Taxes Advisory Committee (CDTAC) here today.

Chidambaram further said that the role of CDTAC is to develop and encourage mutual cooperation between tax-payers and the Income Tax Department.

He also emphasised the need of computerisation and enhanced use of technology to provide better tax-payer service and in reducing the physical interface between the tax-payers and the department, it added.

The CDTAC is comprised of nominated members that includes members of Parliament, members from the field of trade, commerce, industries and accounts among others.

Central Board of Direct Taxes (CBDT) Chairperson Poonam Kishore Saxena emphasised on the endeavour of the government to provide quality tax-payer services and enhanced service delivery, the statement said.

She also referred to the formation of the Standing Committee in the CBDT known as "Central Technical Committee on Departmental Views" to consider various aspects and divergent views in order to formulate the departmental views which may be issued by way of circulars, it added.

PTI