Trust-based taxation system helping improve collections: FM Sitharaman

The finance minister Nirmala Sitharaman said that the trust based taxation system which is introduced by government helps in increasedt number of return filings and improved collections .She complimented that the department for achieving highest revenue over 14 lakh crore in the last fiscal year and a strong growth of 14.9 lakh crore   mop up from individual and corporate tax. The government has addressed several legacy issues and removed the structural deficiencies of direct tax. The finance ministerNirmala Sitharaman said that the income tax department to be prepared for the next 25 years of growth .