Pursuing course of cautious optimism amid Covid-19: CBDT chairman

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The Income Tax Department is charting the path of “cautious optimism” as it is witnessing robust growth in tax collections at one hand with different variables at play in the economy on the other amid the ongoing Covid-19 pandemic, Central Board of Direct Taxes (CBDT) Chairman J.B. Mohapatra said on July 15. He was speaking at ‘The Chairman Speaks’ session that is part of a maiden public communication webinar ‘Samvaad’ with various stakeholders involved in direct taxes administration.The department is geared up to take on the challenge of domestic resource mobilisation in these uncertain times, he said.“While we have robust growth figures in tax collection at this moment, we are pursuing the course of cautious optimism,” Chairman Jagannath Bidyadhar Mohapatra said “As we celebrate the growth in revenue, we are also aware not to lose sight of the hundreds of variables presently at play in the economy and that we are still in the middle of a global pandemic,” Mr. Mohapatra said.

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