These cases, which would include unpaid personal income tax as well as corporate tax, constitute nearly 60 per cent of all outstanding dues.
Spotting these cases is part of the CBDT's Central Action Plan (CAP) for this financial year. Disseminated internally to officials, the CAP underlines that "a more focused and targeted approach is required to manage past tax demands".
As on April 1, income tax arrears have increased to 43 trillion from ₹24 trillion on April 1, 2023. "This is a very steep rise, which requires immediate and urgent action," the CBDT, which is the highest authority overseeing direct taxes, said in its CAP.
This story is from the August 09, 2024 edition of Business Standard.
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This story is from the August 09, 2024 edition of Business Standard.
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