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of <h1>PAC Report Urges Tax Department to Boost Cash Collections from Arrears, Averaging Only 10.5% Since 1971-72.</h1> The 79th report of the Public Accounts Committee (PAC) highlights concerns about the low rate of cash collections by the tax department, averaging only 10.5% of total arrears annually since 1971-72. The report underscores the need for a time-bound program to improve cash collections, crucial for budget estimates and reducing the tax burden on the public. Historical data from 1973-78 shows cash collections consistently below expectations, prompting a call for immediate action to enhance arrears recovery through cash rather than reductions or remissions. The Central Board of Direct Taxes is urged to implement these measures promptly.
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