New Delhi, Jan 17 (PTI) Income Tax authorities are planning to broaden the tax base, seek greater exchange of information under the tax treaties and provide better services to tax payers by 2020 when the direct tax reforms would be firmly in place.

The apex direct tax body, Central Board of Direct Taxes (CBDT), has formed seven committees comprising senior revenue officials to come out with a draft Vision 2020 document that would delineate ways to increase tax collections in a non-intrusive manner.

The committees or working groups are meeting on a regular basis to draft the document that would focus also on monitoring cross-border transactions and inflow of capital, money laundering and exchange of information under treaty obligations, a finance ministry official said.

Widening tax base through non-intrusive reforms and stronger cross-border information exchange to boost compliance. Expansion of tax base and enhanced information exchange is proposed through a reform roadmap to broaden taxpayer coverage and improve taxpayer services. Seven specialist committees will draft a Vision document to identify non-intrusive measures to increase direct tax collections, prioritising monitoring cross-border transactions and capital inflows, enhancing exchange of information under treaty obligations, and addressing money laundering risks to support compliance and enforcement.