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Income tax collection - Special measures for recovery of arrears
December, 08th 2006

The Ministry of Finance notified that the amount of income tax collected in the current financial year till 15 November 2006 amounted to Rs.98,298 crore. The amount of outstanding income tax in the current year till September 2006 amounted to Rs.8,033 crore. Apart from the statutory steps undertaken for recovery of outstanding tax dues as prescribed under the Income Tax Act, certain special measures were also undertaken to expedite recovery of direct tax arrears. These measures included: i) Monitoring of recovery of arrears in large cases by a Task Force; ii) Requesting Settlement Commission to dispose off high-demand cases expeditiously, etc.


                                           Recovery of Income Tax

Rajya Sabha

The collection of income tax in the current financial year till 15th November 2006 amounts to Rs.98,298 crore as against Rs.69,465 crore collected during the corresponding period of last financial year. Even recovery of outstanding income tax dues in the current year till September 2006 amounts to Rs.8,033 crore as compared to Rs.4,276 crore recovered during April-September 2005.

Apart from the statutory steps being taken for recovery of outstanding tax dues as prescribed under the Income Tax Act (including attachment of bank account, debtors, etc, attachment and sale of immovable property, etc) the following special measures are also being taken to expedite recovery of direct tax arrears:

i. Monitoring of recovery of arrears in large cases by a Task Force.

ii. Identification of cases involving substantial amount of arrears pending before Commissioners (Appeals) and ITAT and requesting these authorities to dispose off such appeals early so that the demand can be collected during the current financial year itself.

iii. Requesting the President of ITAT not to allow stay of demand beyond 180 days as prescribed in section 254(2A) of the Income-tax Act.

iv. Requesting Settlement Commission to dispose off high-demand cases expeditiously.

This information was given by Shri S.S. Planimanickam, Minister of State for Finance in reply to a question raised by Shri Krishan Lal Balmiki in Rajya Sabha today.

BSC/GC/GN-358/06

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