CAG: Uncollected tax rises to Rs 7 lakh crore
CAG on Friday said that amount towards uncollected direct tax demand increased to Rs 7 lakh crore at March 2015 end from Rs 5.75 lakh crore in the previous year.
CAG on Friday said that amount towards uncollected direct tax demand increased to Rs 7 lakh crore at March 2015 end from Rs 5.75 lakh crore in the previous year.
“The department indicated that more than 96 per cent of uncollected demand is difficult to recover in FY 2014-15,” said a CAG report tabled in the Parliament.
“The uncollected de-mand is rising despite clear provisions in the (Income Tax) Act to enforce collection and recovery of outstanding demand viz attachment and sale of asses-sess’ movable and im-movable property, ap-pointment of a receiver for the management of assesses’ properties and imprisonment,” said the report.
Next Story
