Prioritising the settlement issues of tax payers, Finance Minister Arun Jaitley will inaugurate the 31st annual conference of top Income Tax Commissioners on Monday.
“The main focus during the two-day annual conference would be non-adversarial tax regime, expeditious settlement of tax payer's grievances and significant expansion of tax base,” the Finance Ministry said in a statement. “The participants will deliberate on the strategies to achieve the goals of department in these areas and for augmentation of revenue, matters pertaining to Income Tax investigations and issues relating to human resource development, among others,” it said. Direct tax collection target for FY’16 has been fixed at Rs7,97,995 crore, 14 per cent higher than the actual collection of Rs6,95,988 crore in 2014-15 fiscal.