Finance Minister Asks the Senior Officers of the Income Tax Department not to Lose Sight of Domestic Black Money Keeping in view its Much Higher Magnitude and Chase Those Sectors Where its Most Prevalent; Reviews with Senior Officers of the Department the Achievement of Budgeted Targets of Direct Taxes for 2014-15 and Action There of

The Union Finance Minister Shri Arun Jaitley asked the senior officers of the Central Board of Direct Taxes (CBDT) not to lose sight of domestic black money keeping in view its much higher magnitude. He asked the senior officers of the Income Tax Department to make their best efforts to chase those sectors where the domestic black money is most prevalent. He said that the recovery of black money and taxes due thereon will also help the Department in achieving its tax collection targets. The Finance Minister was speaking at a Review Meeting of Principal Chief Commissioners, Principal Directors General , Chief Commissioners and Directors General of Income Tax here today in order to assess and analyse the achievements of the Budget Targets for Revenue Collections for Financial Year 2014-15.The Meeting was also attended among others by the Minister for State for Finance Ms Nirmala Sitharaman, Revenue Secretary Shri Shaktikant Das, Chairman CBDT Shri K.V. Chowdary, Members of CBDT, senior officers of the Ministry of Finance and CBDT.