Quick Summary
The Income Tax Department is grappling with an overwhelming backlog of direct tax arrears, with Rs 29 lakh crore classified as nearly impossible to recover, as per official submissions to the Parliamentary Standing Committee on Finance. The total outstanding direct tax dues stand at Rs 43 lakh crore, of which 67% has been deemed unrecoverable. Revenue Secretary's Submission on Tax Arrears According to the Revenue Secretary, a substantial portion of these arrears- Rs 10.55 lakh crore has been
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FAQ :
The Income Tax Department has flagged £29 trillion out of £43 trillion in outstanding direct tax dues as nearly impossible to recover.
The total outstanding direct tax dues currently stand at £43 trillion.
According to the Revenue Secretary, £10.55 trillion of these arrears has been pending for more than five years.
Legacy cases dating back to the mid-1990s, when tax records were manual, complicate recovery efforts.
The committee has recommended writing off certain demands or imposing moratoriums on specific cases, and reassessing tax assessment and collection mechanisms.
The accumulation of these arrears represents a significant revenue loss for the government and highlights challenges in tax compliance and enforcement.
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