Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Direct Tax »
Open DEMAT Account in 24 hrs
 Net direct tax collection grow 7% as refunds fall sharply
 GSTR-3B deadline expired: File now to avoid input tax credit loss, GST registration cancellation
 ITR Filing: Income tax department shortens time limit for condonation of delay What it means for taxpayers
 CBDT launches campaign to intimate taxpayers on undeclared foreign assets in ITR
 ITR AY2024-25: CBDT launches campaign for taxpayers to report income from foreign sources
  CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024
 CBDT weighs overhaul of designations for income tax officials to secure better clarity
 Direct tax-GDP ratio at millennial high in FY24
 CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024
 Tax filing: How to choose the right ITR form
 Income Tax Return: How to maximise your tax refunds while filing ITR?

Monitor tax collection to meet target by Mar 31: CBDT to taxman
March, 16th 2017

The CBDT has directed the Income Tax department to "scrupulously" monitor tax collection, which it said is slightly less than the target even as the current financial year is nearing an end.

Central Board of Direct Taxes Chairman Sushil Chandra has dispatched an urgent communication to his regional chiefs, asking them to personally monitor the revenue collection work, which is the "single most parameter for evaluating the performance of the department".

"On review of the position of budget collection as on March 4, it is noted that as against the target growth rate of above 14 per cent, the current rate of growth of net collections is only 10.6 per cent, which does not augur well for achievement of the budget target in the current year," the CBDT boss said.

Direct tax collection for the current financial year (2016-17), which ends on March 31, is about Rs 8.47 lakh crore.

"With a view to concentrate all efforts toward the objective of achieving the budget target, you are requested to personally review and monitor the position of collections through advance tax, tax deducted at source and recovery from arrear and current demand of your region on a weekly basis," Chandra said.

He said that while he has written separate communications in the recent past for enhancing efforts in this direction, fresh action "may be followed scrupulously by all officers engaged in the work of assessment and collection".

"It may be reiterated that the achievement of revenue target is sacrosanct and the single most parameter for evaluating the performance of the department and accordingly, no efforts must be spared to achieve the same.

"Performance of each Chief Commissioner of Income Tax and Principal Commissioner will be measured against the target alloted to him/her regardless of whether the Principal Chief Commissioner of I-T region as a whole achieved its revenue target or not," he said.

Chandra recently directed the taxman to step up survey operations to check non-deduction of TDS by firms and employers, especially in cases where such payments have dropped by more than 15 per cent as compared to the last time.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting