The Finance Minister, P Chidambaram, will inaugurate the 24th Annual
Conference of Chief Commissioners and Directors General of Income Tax
here on June 9.
An official release said that the two-day conference is expected to
discuss, among other things, speeding up of processing of tax returns,
augmenting revenue collections, improving selection and quality of tax
scrutiny and managing switchover to single national database and
improving investigation techniques and oversight mechanism within the
department.
Tax collections
Meanwhile, the Centre's direct tax collections grew 36.6 per cent in
2007-08 to Rs 3,14,468 crore as compared to net collections of Rs
2,30,184 crore in the previous year. For the second consecutive year,
direct tax collections have grown at over 35 per cent.
In 2007-08, corporate tax grew by 32.1 per cent and personal income
tax collections increased by 42.1 per cent.
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