I-T dept struggling to match last year's tax-collection target
Will the income tax (I-T), Mumbai circle this year be able to match at least last year's collection figure? Manish Pachouly reports.mumbai Updated: Feb 14, 2012 01:22 IST
Will the income tax (I-T), Mumbai circle this year be able to match at least last year's collection figure?
This is the prime question doing the rounds in the department even as the second round of agitation by I-T officials completed two weeks.
The department in Mumbai has a tax collection target of Rs 2.04 lakh crore that has to be met by March-end.
However, the agitation has severely affected searches and surveys has slowed down tax collection because the protesting officials are not taking part in the searches. "If we at least match last financial year's collection of Rs1.53 lakh crore, it would be a saving grace for us," a senior I-T official said requesting anonymity because he is not authorised to speak to the media.
To achieve the present target (Rs 2.04 lakh crore) the department still needs to collect around Rs 85,000 crore. Though officials were already expecting a shortfall because of slow growth in the economy, the agitation has further marred their hopes.
The I-T officials are protesting in support of their demand to get promotions, which have been pending for last two years.
In Mumbai, 80 promotions of income tax officer (ITO) to assistant commissioner of income tax (ACIT)/deputy commissioner of income tax (DCIT) level are pending for the last two years. The number in the country is over 400.
The second round of agitation began on January 31. Earlier, the officials protested from December 5 to January 3. The agitation was suspended after the Central Board of Direct Taxes (CBDT) assured that it would resolve the issue by the third week of January.
However, with the CBDT failing to clear promotions, the officials resumed the agitation.
Besides searches and surveys slowing down, the department is concerned, as it has to refund Rs 2,500 crore to Vodafone after losing the case in the Supreme Court.