“Tax is in the boardrooms. Tax is no longer in the offices of the CFOs, because your brand will suffer if you get a stigma of being atax avoider” The large taxpaying entities are part of the tax base but they understate their income, the Central Board of Direct Taxes ( CBDT) Chairperson Anita Kapur said, pointing towards the findings of a recent study on Thursday at a tax conference. “National Institute of Public Finance and Policy (NIPFP) study showed us our missing tax population which has an income of ? 4 lakh annually. We don’t have large taxpayers missing from our base; they are in the base but they are understating their income,” said Kapur, at the global tax conference organised by the Confederation of Indian Industry. The CBDT had asked thinktanks NIPFP and Indian Council for Research on International Economic Relations to identify the tax gap in the system. In line with the budget announcement, Kapur said that the CBDT is looking at removing exemptions to simplify ta