I-T dept pulled up for not achieving cash mop-up target | business | Hindustan Times
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I-T dept pulled up for not achieving cash mop-up target

With the piling up of income tax (I-T) arrear demand, which has increased by 44% from April 2011-April 2012, the central board of direct taxes (CBDT) has asked the top officials of the I-T department to pull up their socks for realising the new cash collection target of Rs 20,478 crore in the current fiscal.

business Updated: Aug 07, 2012 01:42 IST
Debobrat Ghose

With the piling up of income tax (I-T) arrear demand, which has increased by 44% from April 2011-April 2012, the central board of direct taxes (CBDT) has asked the top officials of the I-T department to pull up their socks for realising the new cash collection target of Rs 20,478 crore in the current fiscal.

The officials, however, find the target unrealistic. The cash collection target, which is different from the annual revenue target, is based on arrear demand that could not be recovered over a timeframe. The board has given targets to chief commissioners and directors-general of 17 regions in India, along with effective strategy to achieve them, as per http://www.hindustantimes.com/Images/Popup/2012/8/07-08-biz9.jpgCBDT.

The arrear demand has increased from Rs 3.33 lakh crore as on April 2011 to R4.79 lakh crore as on April 2012.

“There has been a consistent shortage of recovery officers despite bringing it to the former finance minister and the CBDT chairman’s notice. This is leading to a steep rise in demand arrears and the target is unrealistic,” the general secretary, I-T Gazetted Officers’ Association, Basvanand said.

In 2011, the CAG had pulled up the CBDT for poor recoveries, as the uncollected tax demand went up by 176% from 2005-06 to 2010-11.