CBDT pulls up Indore income tax office for poor Q1 show
August, 02nd 2013
Central Board of Direct Taxes (CBDT) has pulled up Indore regional office of income tax (I-T) for its poor show during first quarter of the current fiscal. A source said the office during the period, ending June 30, achieved result which was less than the national average. Moreover, the CBDT asked the office to achieve the target at any cost by the fiscal-end.
Reviewing the region's performance here on July 29, member (audit & judiciary) of CBDT, Anita Kapur, is reported to have expressed serious concern over the poor show asking officials to pull up their socks to achieve the target of tax collection by the end of the current fiscal. The Indore office could achieve the revenue earning to the tune of Rs 2,025 crore as on March 31 in 2013. The CBDT has fixed the target of Rs 2,500 crore for the current fiscal for the Indore office during the current fiscal, source said.
Tax deduction at source (TDS), income tax and advance corporate tax are main sources of revenue generation for the department. However, except for TDS, the Indore office fared much below expectations during Q1 on all other parameters.
It had collected revenue of Rs 379 crore during the period as against the mark of Rs 275 crore in the corresponding period of the last financial year, which shows a healthy growth. Still, it registered a marginal improvement on the front of corporate tax (CT) and negative growth in income tax collection, source said.
Kapur also asked officials to meet top corporate guys to ensure advance tax collections due from them in time.
When contacted, a senior official of Indore office, on condition of anonymity, told ToI, the office would be able to achieve its target by the end of this fiscal.