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Jharkhand I-T collection exceeds target
May, 14th 2007

Income tax (I-T) collection in 2006-07, according to provisional figures, was Rs 1,353 crore, which surpassed the target of Rs 1,272 crore.

Income tax collection in 2005-06 in the three commissariats of Hazaribagh, Jamshedpur and Dhanbad was Rs 1,042 crore.
 
Also, according to Shri N K Shukla, Chief Commissioner of Income Tax, Jharkhand region, voluntary compliance with filing of returns had increased significantly in the state.

"We are laying a lot of stress on voluntary compliance," he said while interacting with reporters here Sunday.

Asked why Saral was being replaced by a more elaborate returns form for assessment year 2007-08, Shukla said, "We need certain information for our records and making calculations; Saral had been too simple and wasn't able to give full information."

Shukla said that while tax collection in Hazaribagh was Rs 199 crore, Jamshedpur and Ranchi stood at Rs 421 crore and Rs 733 crore respectively.

According to I-T Commissioner, Jamshedpur, Shri K Sarkar, the number of returns filed by assessees under the commissariat stood at 1.37 lakh for assessment year 2006-07. The number of those who had declared income exceeding Rs 10 lakh stood at 462. The returns filed by assessees exceeded that of the previous year by around 8,000.

The total number of income-tax assessees in Jharkhand who had filed their returns for assessment year 2006-07 stood at 3.79 lakh.

Also, the department had conducted 139 surveys during 2006-07 that had resulted in tax collection of Rs 4.31 crore on disclosure of additional income of Rs 12.79 crore.

Of the three commissariats, only Ranchi is fully linked to the department's all-India network. Work to join Hazaribagh and Jamshedpur to the network is on.

The monitoring work of linking the commissariats with the network is being done by Delhi. "As far as groundwork is concerned, we're ready," said Sarkar.

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