21.5% growth in direct tax revenue for FY22 a realistic goal: CBDT chairman

In a Q&A, P C Mody says while income tax slabs have been left untouched, more money is being put in the hands of taxpayers with faster refunds. Tax administration reforms will boost tax compliance

Central board of direct taxes (CBDT) chairman P C Mody exuded confidence about achieving a 21.5 per cent growth in direct tax revenue in 2021-22 on the back of increased use of technology and data analytics by the department. He tells Dilasha Seth & Indivjal Dhasmana that although income tax slabs have been left untouched, more money is being put in the hands of taxpayers by way of faster refunds. Besides, the tax administration reforms will provide an enabling environment to increase tax compliance. Excerpts: 

There are varied interpretations being given to the budget proposal to amend "liable to tax"