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New Delhi, June 6 The Finance Minister, Mr P. Chidambaram, will inaugurate the 24th Annual Conference of Chief Commissioners and Directors General of Income Tax here on June 9.

An official release said that the two-day conference is expected to discuss, among other things, speeding up of processing of tax returns, augmenting revenue collections, improving selection and quality of tax scrutiny and managing switchover to single national database and improving investigation techniques and oversight mechanism within the department.

Meanwhile, the Centre’s direct tax collections grew 36.6 per cent in 2007-08 to Rs 3,14,468 crore as compared to net collections of Rs 2,30,184 crore in the previous year. For the second consecutive year, direct tax collections have grown at over 35 per cent.

In 2007-08, corporate tax grew by 32.1 per cent and personal income tax collections increased by 42.1 per cent.

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