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Govt should eye better collections than raising taxes for funds: Survey
TIWN
Govt should eye better collections than raising taxes for funds: Survey
PHOTO : TIWN

New Delhi, Jan 29 (TIWN) A fund-starved government will be better off looking at increased collections fuelled by an economic recovery and improved technology driven enforcement rather than through the introduction of new taxes, a KPMG survey showed on Wedesday.

A majority (20 per cent) held that the Government's revenue needs can be met through increased collections fuelled by an economic recovery as well as improved technology driven enforcement (49 per cent).  The KPMG survey conducted in January 2021 has tried to capture the expectations of all important stakeholders on various tax aspects of the budget. In all, 250 respondents across sectors participated in the survey.  Despite the expectation that government may not raise taxes, the survey has brought out that a smaller number of respondents (29 per cent) expect that a new Covid-19 cess may be imposed in the Budget.

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