IT department to reduce compliance cost, deal firmly with evasion

IT department to reduce compliance cost, deal firmly with evasion

The income tax department will seek to eliminate the hassle of paying taxes and reduce the cost of compliance significantly while making sure its handling of large cases of tax evasion will send a strong signal of deterrence, said Anita Kapur, chairperson of the Central Board of Direct Taxes (CBDT). “Tax evasion spoils the compliance culture because people start believing the system is unfair,”  while making a strong case for launching prosecution in the few instances of large scale tax evasion identified after extensive intelligence gathering