More the merrier but no FUN for CBDT!
By TIOL News Service
NEW DELHI, SEPT 09, 2017: MERE one per cent incentive!! It may sound meagre and impoverished! But if it is 1% of revenue collected more than the revised budget target for the CBDT, it may look a whopping figure. And this is what is the case in hand. It is more than Rs 600 Crore which has come to the kitty of income tax officers after it exceeded its targets.
Now, the question is - how to spend this money? Where to spend this money? Spending money in Govt department is not exactly a fun! It attracts too many preventive and watchful eyeballs, internal as well external. Anyway, the challenge before the CBDT is now to spend this money. It has already received proposals worth Rs 264 Crore to set up Resource Centre cum Library, installation of ACs per range, laptops for ITOs and above, smartphone for CIT and above etc.
Even after buying all these to buoy up the infrastructure in the Department and improving the feel-good index of officers, the CBDT is left with more 350 Crore. How to spend it is a million dollar question and the Board has invited ideas and suggestions from the officers on this count.
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