New Delhi, March 28
The CBDT has rung alarm bells and has asked the Income Tax Department to go for a major assault as the direct tax collection target remains short of about 15%, with the financial year closing less than a week away.
On March 26, CBDT Member (Revenue) Neena Kumar shot off a letter to all the regional chiefs of the department stating that the tax collection figures have “been reviewed and it is seen that as against the budget collection target of Rs 12,00,000 crore, only 85.1% of the target at Rs 10,21,251 crore has been collected as on March 23.” The officer, who is responsible to supervise I-T department’s tax collection work across the country, underlined the areas that are sluggish vis-a-vis direct tax collection obtained from personal, corporate and advance tax categories.
“The minor head-wise analysis indicates worsening trend of negative growth in regular collection at -6.9% as against -5.2% in the last week. This is an alarming situation which needs immediate attention,” Kumar wrote in the letter.
The officer expressed CBDT’s disappointment at this situation and has asked the supervisory tax officials to pull up their socks and ensure no stone remains unturned to achieve the target.
The Central Board of Direct Taxes (CBDT) frames policy for the I-T department and is also its controlling authority that functions from the North Block in the Finance Ministry. — PTI
Worsening trend
- As on March 26, against the budget collection target of Rs 12,00,000 crore, only 85.1% of the target at Rs 10,21,251 crore has been collected
- The minor head-wise analysis indicates worsening trend of negative growth in regular collection at -6.9% as against -5.2% in the last week
from The Tribune https://ift.tt/2FAMayX
via Today’s News Headlines
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