Jaitley to hold budget collection meet later this month

Finance Minister Arun Jaitley is expected to hold a review-cum-strategy meeting of top I-T Commissioners in the country later this month to bolster revenue collection work.
Official sources said all the Principal Chief Commissioners and Chief Commissioners of Income Tax department in the country have been asked by the CBDT to update and prepare latest reports about the status of tax collections in their respective regions before the meeting.
"The meeting is tentatively scheduled for the last week of this month and the exact date will soon be notified. In the meantime, the CBDT has asked all cadre controlling Chief Commissioners to prepare the latest data of tax collection in their regions which should be updated till October 20," a senior I-T officer said.

The meeting is not only expected to review the job done till now but also to strategise steps that will bolster these efforts, the officer said.
The Central Board of Direct Taxes (CBDT), the apex policy making body of the I-T department, has asked these officers to prepare the status reports under separate and detailed heads of collection from each sector so that a threadbare discussion can be held between the Finance Minister and the senior brass of the department.
"It is expected that a road map to bolster revenue collection in the remaining months of this fiscal will also be discussed with the officers during this meeting with the Minister. The road blocks and achievements made in this domain in this fiscal will also be shared," the officer said.

This is the second time Jaitley will be meeting the zonal heads of I-T after he met them during their annual conference here in June.
The government has fixed direct tax collection target of over Rs 7,36,221 crore for 2014-15, which is 15 per cent higher than the last fiscal's revised estimates.