Govt to surpass Rs 22.07 trn direct tax collection target: CBDT chief

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The government will exceed the Rs 22.07 lakh crore direct tax collection target set for the current fiscal, Central Board of Direct Taxes (CBDT) chairman Ravi Agarwal said on Monday.

Agarwal also said that taxpayers who have not disclosed their foreign income or assets in their ITRs have time till December 31 to file their revised return for the 2023-24 fiscal.

Inaugurating the Taxpayers Lounge at the India International Trade Fair (IITF), Agarwal also said that more than 6,000 suggestions have come in for a review of the income tax law to make the language simple and easy to understand.

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Category: BusinessFinance

Markets: India

Topics: CBDT CBDT chief Direct tax Direct taxes Direct Tax collections Tax collection

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 14:50:19 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 397 words

Reading Time: 3 minutes read

Sentences: 25 lines

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News ID: 23654362

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