Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        whatsappJoin Channel
        Showing Results for : Reset Filters
        Case ID :

        CBDT prods officials to meet tax collection targets

        January 13, 2017

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        New Delhi, Jan 13 (PTI) As income tax arrears pile up, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra has asked top officials to ensure that the collection target of the net current demand, amounting to ₹ 19,407 crore till November, is realised.

        The Central Action Plan 2016-17 has fixed the target to collect 20 per cent of the net demand raised during the year.

        "At the all-India level, current demand of ₹ 97,033 crore has been raised till November, 2016, after reducing the pre- paid taxes amounting to ₹ 59,410 crore," he wrote in a January 6 communication to the Principal Chief Commissioners of Income Tax.

        "At the rate of 20 per cent of the net current demand, an amount of ₹ 19,407 crore needs to be recovered collectively from demand raised till November 2016," he added.

        But collections have fallen short and CBDT has asked all the officers concerned to take measures for stepping up cash collections out of arrear as well as current demand so that not only the target set is met, but also a significant contribution is made towards achieving of the overall Budget target for various regions.

        Chandra said that since the current demand raised till November, 2016 is due now, all efforts must be made to make recoveries there from.

        Circle wise targets were given out in the circular with a maximum of ₹ 7,285 crore fixed for Delhi. Mumbai zone was set at target of ₹ 3,926 crore, Pune ₹ 1,272 crore, New Delhi ₹ 1,181 crore and Gujarat ₹ 1,092 crore.

        "At the beginning of February, 2017, the current demand raised in the month of December, 2016 will also fall due and recoveries there from would also have to be made as per the Central Action Plan target so as to meet the overall annual target of 20 per cent," he wrote.

        Income Tax department had advanced the time-barring date of scrutiny assessment to December 31 to provide the assessment units with a dedicated quarter for recovery of demand raised.

        "The Action Plan targets for collection out of current demand have been fixed liberally in the light of the additional dedicated time available for recovery.

        "You are requested to ensure that concentrated measures are taken forthwith to collect current demand to the maximum extent feasible under the extant guidelines for recovery of demand and at least the Action Plan target must be fully met by the end of the financial," he added.

        Tax collection targets urged: officials instructed to maximise recoveries from current demand to meet action plan goals. The Board directed field officers to prioritise recovery of current demand, requiring realisation of 20 percent of net current demand under the Central Action Plan 2016-17. Circle wise collection targets were issued and officials were reminded that the advanced time barring date provides a dedicated recovery quarter; they must maximise recoveries from arrears and current demand under extant recovery guidelines so that Action Plan targets and contributions to overall Budget collection goals are met by year end.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Tax collection targets urged: officials instructed to maximise recoveries from current demand to meet action plan goals.

                                The Board directed field officers to prioritise recovery of current demand, requiring realisation of 20 percent of net current demand under the Central Action Plan 2016-17. Circle wise collection targets were issued and officials were reminded that the advanced time barring date provides a dedicated recovery quarter; they must maximise recoveries from arrears and current demand under extant recovery guidelines so that Action Plan targets and contributions to overall Budget collection goals are met by year end.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
                                No Records Found