Finance Minister P Chidambaram today said there is need to move towards a technology driven tax administration. He stressed on the need to bring each one of the 28 lakh tax deductees under Tax Deducted at Source (TDS) . The tax amount will be credited to the government and refund would be credited to the deductee. He said , this is possible only when a technology is in place.
The Finance Minister was speaking to reporters after inaugurating the Centralised Processing Cell (CPC) of the Income Tax department in Ghaziabad of Uttar Pradesh. The CPC would process all TDS applications and would help ease the compliance procedure for taxpayers. He said,a technology driven tax administration will assist the tax deductor, tax collector and also the payee, adding it will help all the three get linked to each other without being manually involved in the process.

The target for collection of direct taxes for the current fiscal is fixed at 5,70,251 crore rupees, a 15 per cent growth over the previous year target. Faced with widening fiscal deficit, the government had earlier issued stern warning to tax evaders, asking them to disclose their correct income and pay advance tax by due date or be prepared to face action.