Govt reworking strategy to enhance direct tax mop-up: CBDT member

The government is reworking its strategy to boost revenue collection from direct taxes which has been lagging behind so far, a senior Central Board of Direct Taxes (CBDT) official said on Thursday.

CBDT member Akhilesh Ranjan, who headed a panel on the new direct tax law, said corporation tax rate in India is somewhat higher — compared to international standards — and must be reduced.

“Growth in direct tax collection has been less than expected. CBDT will look into this and rework its strategy,” he told reporters on the sidelines of an Associated Chambers of Commerce and Industry of India