Business Standard

CAG flays tax authorities over error in assessment of income, taxes

CAG found irregularities in 340 high-value cases pertaining to corporation taxes with the tax effect of Rs 4,866 crore

CAG
Premium

CAG suggested that the Income Tax department needs to re-examine all cases where income has been allowed as agricultural income above a certain threshold

Indivjal Dhasmana New Delhi
The Comptroller and Auditor General of India (CAG) has rapped direct tax authorities for irregularities in assessments of personal income and corporation taxes over the years. 

In a report on direct taxes for 2018-19 tabled in Parliament on Tuesday, the auditor suggested that the government consider the information technology system for direct taxes being placed at arms length from CBDT, with an independent governmental body or organisation. 

CAG found irregularities in 340 high-value cases pertaining to corporation taxes with the tax effect of Rs 4,866 crore. 

There were arithmetical errors in computation of income and tax, mistakes in levy of interest, irregularities in
Topics : GST cag

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 30 2019 | 11:38 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com