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I-T collection up 13% in Bengal & Sikkim in Apr-Jan

Press Trust of India  |  Kolkata 

collection in West Bengal and circle has witnessed 13 per cent growth in the current fiscal till now and the department is optimistic about achieving the target.

The target for 2017-18 is Rs 41,891 crore and the department has been able to collect 69 per cent of the target till now, a top income-official said.

"As on date, we have collected nearly Rs 29,000 crore. collections have gone up by around 13 per cent this year and we can achieve the target, of income-tax for & Sikkim, K L Maheshwari said.

In the corresponding period of the last fiscal, I-T collections had been Rs 25,500 crore against a target of Rs 35,500 crore for 2016-17, Maheshwari said.

However, there had been a decline in the share of TDS or tax deductions at source in overall collections due to centralisation of TAN or tax deduction and collection account number by banks.

Maheshwari was speaking on the sidelines of the release of 'Tax Pleading and Practice', a book by and here yesterday.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 12:35 IST