Business Standard

CBDT raises alarm as direct tax collection stands at Rs 10.21 trillion

Asks for urgent action, especially with respect to recovery of arrears and current demand, to achieve the collection target

Income Tax, tax

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Shrimi Choudhary New Delhi
With four days remaining before the current financial year ends, the Central Board of Direct Taxes (CBDT) has sent a strongly worded letter to senior income-tax officials, warning them of an “alarming situation”. 

As of Tuesday, direct tax collection was Rs 10.29 trillion, which is 12.5 percent up compared to the same period a year ago. The revised Budget target for 2018-19 is Rs 12 trillion. 
“Progress based on the online tax accounting system (to calculate dues with interest) has been reviewed and only 85.1 per cent has been collected as of March 23,” goes the letter dated March 26

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First Published: Mar 28 2019 | 2:16 AM IST

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