Our Bureau

New Delhi, March 8

The income-tax department hopes to complete its ongoing computerisation programme by this year-end, said Ms M.H. Kherawala, Chairperson, Central Board of Direct Taxes (CBDT).

The massive computerisation programme is mainly aimed at improving taxpayer service. Once this is completed, there would be a number of areas in which the taxpayer would not be required to have an interface with the tax department (such as e-filing of return and e-payment of taxes).

"We hope to connect all our offices in 510 cities of India by July so that anybody can file their return anywhere in the country. There will be no jurisdiction as such and that is what we are proposing to have," Ms Kherawala told members of PHD Chambers of Commerce and Industry (PHDCCI) at a post-budget meeting here.

She added the thrust of this Budget on the direct tax side has been to give impetus to the infrastructure sectors, especially power and the highways.

She pointed out that sunset clauses have been extended in respect of these two sectors.

On the issue of deletion of Section 10(23G), the CBDT Chairperson defended the proposal and highlighted that infrastructure companies could resort to zero coupon bonds (announced last year) to get funds at lesser rate of interest for a longer period of time than at present.

(This article was published in the Business Line print edition dated March 9, 2006)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.