The government is expecting about Rs 46,739 crore through TDS from the Delhi region in 2016-17, a top Income Tax Department official today said.
Quoting Chief Commissioner of Income Tax-TDS Nutan Sharma, industry chamber Assocham said: "Our target as on date is about Rs 46,739 crore out of Rs 1,15,000 crore overall target for current fiscal."
She also said that TDS system is improving day by day and the department is trying to bring most of things under TDS net to facilitate the taxpayers and make them more compliant.
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Sharma was speaking at the national seminar on 'Tax Deduction At Source (TDS)' organised by Assocham.
"TDS is our main source of collection and it is main source of our revenue not only in direct taxes, but in the overall collection of the government," Sharma said adding for Delhi region, the tax department witnessed a consistent growth of 14-15 per cent in TDS collection since restructuring of the department in 2014.
Speaking at the event, Sandeep Bandhu, Additional Commissioner of Income Tax (CPC-TDS) highlighted about the centralised processing cell.
