Quick Summary
The Central Board of Direct Taxes (CBDT) has made significant strides in tax recovery efforts, collecting Rs 20,000 crore in pending dues during the first quarter (April-June) of FY2025, more than double the collections during the same period last year. This impressive performance marks a robust start toward meeting the department's ambitious annual recovery target of Rs 1.96 lakh crore. According to officials, these recoveries stemmed from demand notices issued by the income-tax department up
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The CBDT collected £20,000 crore in pending direct tax dues during the first quarter of FY2025.
This year's collection of £20,000 crore more than doubles the amount recovered during the same period last year.
The recoveries included £17,244 crore from corporate tax dues, £2,714 crore from personal income tax, and £180 crore from defaults in tax deducted at source (TDS).
The department's ambitious annual recovery target for FY2025 is £1.96 lakh crore.
The CBDT is directing regional income-tax offices to ramp up enforcement and implement zone-specific recovery targets, focusing on cases where appeals have already favoured the department.
As of October 1, 2024, the department's pending tax demand stood at £42 lakh crore.
CAclubindia
