« Top Headlines » Open DEMAT Account in 24 hrs  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)  Advance tax deadline September 15: What happens if you missed the previous instalment payment?  How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability  ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer  Missed the ITR Filing Deadline? How to Claim Your Income Tax Refund and Correct Mistakes Before December 31, 2026  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  Income-Tax Department Moves to Bring Greater Certainty to International Tax Cases «  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).