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The country’s tax base is very narrow and it needs to be broadened substantially, according to Central Board of Direct Taxes Chairman KV Chowdary.
He was talking to reporters here on Saturday. He said that out of a population of 125 crore the number of tax-payers was only 3.5 crore. “It has to be broadened substantially. We have 20 crore PAN card-holders in the country and the base can be broadened to include many of them. Of course, not all of them have taxable income, but there are many who can be brought within the net,” he said.
He expressed confidence that the target of ₹7,36,221 crore this year could be achieved. Already, net collections amounted to more than ₹1,50,000 crore. He said the department would not conduct search-and-survey operations unless they are deemed absolutely necessary. “We will adopt a non-adversarial, non-intrusive approach. A culture of voluntary tax payment would have to be inculcated,” he said.
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