Tax targets go up only to face low collection level

New Delhi, Mar 17 In this world nothing is certain but for death and taxes, it is said. But collecting a part of these taxes, estimated at close to Rs 1 lakh crore, is proving to be full of uncertainties for tax authorities. The revenue department has raised Rs 99,293.04 crore taxes until March 2007, but has been unable to realise or collect it until now due to some reason or the other, according to the Budget document. Of this direct tax demands, account for the major chunk and are estimate

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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