Tax board's proposal of lowering budget target to Rs 11.3 trn shot down

The direct tax collections are likely to fall short of the revised Budget target by Rs 650 billion and, in fact, were Rs 150 billion lower than the original estimate for the fiscal

The tax authorities are struggling to meet the scaled up direct tax collection target of Rs 12 trillion for 2018-19. This may have come as a surprise to others, but not the Central Board of Direct Taxes (CBDT), which had internally pitched for lowering of the Budget target to Rs 11.3 trillion from the original projection of Rs 11.5 trillion in the interim Budget, on account of slowing economic activity.
 
The demand was, however, turned down, and the CBDT was entrusted with a task of collecting an additional Rs 500 billion over the Budget Estimates of Rs 11.5 trillion