AMN / NEW DELHI
Finance Minister Arun Jaitley has said there has been 15 to 20 per cent gradual increase in tax collections every year.
Delivering the Valedictory address at the 29th Conference of Accountants General here Thursday, Mr Jaitley said, due to strict compliance the direct tax collection is increasing.
He said, when NDA government came to power, the total number of people who filed Income Tax returns in the country was 3 crore 80 lakh. Mr Jaitley said, it has reached to six crore 86 lakh people in the last four year.
The Minister said, the reports of Comptroller and Auditor General have acquired great amount of credibility in past.
He said, CAG has the purpose of serving as deterrent on decision-makers as there is possibility that every decision they take will be examined by somebody.