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Union Finance Minister Smt. Nirmala Sitharaman chairs review meeting with Central Board of Direct Taxes |
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25-4-2023 | |||
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired a periodic review meeting with Central Board of Direct Taxes (CBDT), here today. The review meeting was attended by the Revenue Secretary; Chairman, CBDT; and all the Members of CBDT. Inter alia, the Finance Minister reviewed the following subjects:
During the review meeting, the Finance Minister was apprised about the impact of the following initiatives:
Smt. Sitharaman was also apprised of the fact that the Personal Income Tax (PIT) to GDP ratio has been steadily increasing from 2.11 in F.Y. 2014-15 to 2.94 in F.Y. 2021-22. The Finance Minister also reviewed the pending disciplinary proceeding cases against employees/officers and observed that administrative and procedural delays should be minimised. Smt. Sitharaman also directed CBDT to take prompt action in finalisation of such proceedings. The Finance Minister emphasised that CBDT should ensure timely and appropriate actions on all applications filed by tax payers and desired a reasonable time frame for disposal of such applications. The Finance Minister exhorted CBDT to expand and strengthen its efforts to increase tax payers’ awareness regarding the provisions of the direct tax laws and compliance thereof. |
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