ALSO READNew principal chief IT commissioner of Mumbai to take charge Income Tax Department Steps-up actions under Benami Transactions (Prohibition) Amendment Act, 2016 April-August income tax revenue up 17.5% at Rs 2.24 lakh cr Net income tax collection rises 14.8 pc to Rs 1.42 lk cr in Q1 IT department has cracked down on over 400 benami transactions till May 23
Gross revenue collections by the Mumbai zone of the Income Tax department grew 13.17 per cent at Rs 1,03,837.6 crore, surpassing the national average at 11.81 per cent as on September 14. Mumbai zone's gross collection was at Rs 91,753.5 crore in the year-ago period. The country's gross revenue collection also grew 11.81 per cent at Rs 3,36,402.6 crore from Rs 3,00,874,6 crore a year ago. Similarly, the Mumbai zone's revenue collection from international taxation also grew 36.64 per cent at Rs 8,591.6 crore from Rs 6,287.9 crore a year ago, department sources told PTI here today. Meanwhile, Pramod Chandra Mody took over as principal chief commissioner of income tax and head of Mumbai zone of the department from Pawan Parmar Singh here today. Singh, who was holding the additional charge as chief commissioner of international taxation in Mumbai, has been transferred to Bhopal as principal chief commissioner of income tax and head of Madhya Pradesh and Chhattisgarh states for the department.
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