MUMBAI: In a January 4 letter issued to all top income-tax (I-T) officers, Central Board of Direct Taxes (CBDT) chairman Sushil Chandra raised issues over the unsatisfactory price of growth in direct tax collections until December-end. Now, so as to boost I-T collections, Chandra has drawn up a three-month technique, which includes focused surveys for tax recovery and prosecution of wilful defaulters, if important.
Particularly jarring is the poor growth in direct tax collections — simply 1.1%, or Rs 33,218 crore — as on December 2018 by way of common or scrutiny assessment when put next with 15.6% throughout the corresponding length last year, states the letter. Mumbai assortment figures, specifically, showed a slight dip whereas Delhi recorded a vital build up of greater than 90%.
Scrutiny assessment refers to a detailed assessment or examination of an I-T go back filed by a taxpayer. I-T government should complete the assessment inside the prescribed point in time.
Not all returns filed are picked up for scrutiny, though. To illustrate, throughout the year ended March 2018, simply zero.35% of I-T returns filed have been decided on for scrutiny. Certain standards are laid down for the aim. For example, if throughout assessment in an previous year the addition to income exceeded Rs 25 lakh and the taxpayer was once based in a specified city, say, Mumbai, his or her case can be picked up for scrutiny. Cases are randomly picked up for scrutiny purposes too.
Some I-T officers in Mumbai characteristic the poor collection of scrutiny exams to technical system faults within the internal tool (ITBA) device for e-assessment, which slowed down all of the process.
Without giving precise figures of the whole direct taxes gathered as on December 31, 2018, CBDT chairman’s letter indicated that towards the target growth price of 14.7%, web collections are growing at 13.6%.
To force up recovery from tax arrears and present tax calls for, Chandra has listed an eight-step plan for the next 3 months finishing March 2019.
Particularly jarring is the poor growth in direct tax collections — simply 1.1%, or Rs 33,218 crore — as on December 2018 by way of common or scrutiny assessment when put next with 15.6% throughout the corresponding length last year, states the letter. Mumbai assortment figures, specifically, showed a slight dip whereas Delhi recorded a vital build up of greater than 90%.
Scrutiny assessment refers to a detailed assessment or examination of an I-T go back filed by a taxpayer. I-T government should complete the assessment inside the prescribed point in time.
Not all returns filed are picked up for scrutiny, though. To illustrate, throughout the year ended March 2018, simply zero.35% of I-T returns filed have been decided on for scrutiny. Certain standards are laid down for the aim. For example, if throughout assessment in an previous year the addition to income exceeded Rs 25 lakh and the taxpayer was once based in a specified city, say, Mumbai, his or her case can be picked up for scrutiny. Cases are randomly picked up for scrutiny purposes too.
Some I-T officers in Mumbai characteristic the poor collection of scrutiny exams to technical system faults within the internal tool (ITBA) device for e-assessment, which slowed down all of the process.
Without giving precise figures of the whole direct taxes gathered as on December 31, 2018, CBDT chairman’s letter indicated that towards the target growth price of 14.7%, web collections are growing at 13.6%.
To force up recovery from tax arrears and present tax calls for, Chandra has listed an eight-step plan for the next 3 months finishing March 2019.
I-T mop-up rate slows, Centre may act tough
![I-T mop-up rate slows, Centre may act tough]()
Reviewed by Kailash
on
January 06, 2019
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