The account figures are normally compiled with reference to classification shown on challans

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....es have always been less as compared to the Department. 2. Your are, no doubt, aware that the account figures are normally compiled with reference to classification shown on challans. The collection under 020-Corporation-tax is appropriated exclusively by the Centre and does not form part of the divisible pool which is intended for distribution between the Centre and States. The Accounts figures ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....orporation-tax. In 161 cases (52.11%) wrong challans were used for Advance-tax, while in 32 cases (10.42%), self assessment tax was paid by Companies on challans meant for payment of tax by non-company assessees. What has been all the more surprising to the Board is that in 91 cases (29.64%) regular assessment tax was paid by companies on wrong challans. These findings go to show that proper care ....