Staff Reporter

‘Implementation of reform a continuous process’

I-T department given a target of Rs. 11, 623 cr.

Need for homogenous reforms underlined

VIJAYAWADA: Chief Commissioner of Income Tax Andhra Pradesh Suprakas Lahiri on Saturday said that implementation of reforms was a continuous process in the Income-Tax department and its objective was to encourage all taxpayers to submit returns voluntarily.

Delivering a talk on ‘Income Tax Reforms’ at a programme organised by the Andhra Chamber of Commerce and Industry here,

Heartening trend

Mr. Lahiri said that transparency was the buzzword in the present era of computerisation and the ombudsman system in the Income-Tax department, Right to Information Act and the more vigilant media were ensuring transparency in the entire system.

He said that the department was given a target of Rs. 11,623 crores, in which Rs. 4,691 crores were collected by September.

Fruits of reforms

“This is 35 per cent more than the tax collection in the corresponding period last year and this figure shows more and more people are filing their returns,” he observed.

Referring to economic reforms, Mr. Lahiri said that the fruits of reforms were available only to the urban population, whereas the farmers in rural areas were committing suicides owing to financial problems.

“The fruits of economic reforms should be reach everyone,” he remarked.

Tax rate

Commissioner of Income Tax, Vijayawada, R.C. Pramanic underlined the need for homogenous reforms. Commissioner of Income Tax, New Delhi, K. Ajay Kumar said that there was a decrease in the tax rate in the last three decades.

Chamber president Malineni Rajaiah, secretary B.S. Koteswara Rao and others were present.