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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
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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.
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