« Top Headlines » Open DEMAT Account in 24 hrs  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Why you need not rush to file your ITR immediately  Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing  Section 80DDB tax benefits for specified illnesses: 5 things to know  Income tax slabs FY 2024-25: Five tips to help taxpayers decide between old and new income tax regimes  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available now on e-filing income tax portal «  A bogey called `misuse' of the Mauritius conduit... I-T dept holds TDS symposium... » Indirect tax dues recovery target set at Rs 2,450 cr August, 21st 2006 The Finance Ministry has set for itself an indirect tax arrears recovery target of Rs 2,450 crore for 2006-07. Of this target, the Central Board of Excise and Customs (CBEC) expects to recover Rs 650 crore as Customs duty, Rs 1,300 crore as Central Excise duty and Rs 500 crore as service tax arrears. Official sources said that the Revenue Department had recovered Rs 3,139.65 crore as indirect tax arrears in 2005-06 against a target of Rs 2,700 crore. As on February 28 this year, the total indirect tax arrears pending recovery stood at Rs 21,578 crore. Out of this amount, Rs 7,533 crore has been stayed by various courts and hence was not recoverable. Sources said that there were also substantial unrecoverable arrears, outside the purview of any stay, owing to factors such as the defaulting units being under the Board for Industrial & Financial Reconstruction (BIFR) or due to proceedings imitated by the Debt Recovery Tribunal (DRT).