20% fall in direct tax collection not too bad: CBDT chairman P C Mody

He tells Dilasha Seth, in an interview, that 58,000 cases will be assessed through the faceless mechanism by October.

Topics
direct tax collections | Indian Economy | Lockdown

Dilasha Seth  |  New Delhi 

Revival in economic activity brings hope of improvement in direct tax collections, says Central Board of Direct Taxes (CBDT) chairman P C Mody. He tells Dilasha Seth, in an interview, that 58,000 cases will be assessed through the faceless mechanism by October.

This has eliminated territorial jurisdiction and substituted individual discretion with team-based assessment. It has brought transparency and objectivity to the process and will end harassment of taxpayers, he adds. Edited excerpts: With the economy expected to face a recession this year, what does the outlook for direct tax ...
First Published: Tue, July 21 2020. 06:05 IST