Income Tax dept raises tax collection target by 20 pc

Chennai:

The tax collections in Tamil Nadu and Puducherry may have fallen short
than last year but Income Tax department has raised the target 20 per
cent more than last year.

Chief Commissioner of Income Tax (Tamil nadu and Puducherry) T
Jayasankar told reporters that last year the target was Rs 42,827
crore and the department was able to collect Rs 42,524 crore. This
year the target is Rs 51,133crore, he said.

Although the collections may have crossed the 40,000 mark for the
first time, it fell short of the target by Rs 300 crore. “We were able
to achieve 99.28 per cent of the target,” Jayasankar said.

To a query why the tax collection target has been raised by 20 per
cent, he said that expenditure is already fixed and with the new
industrial projects coming up the target is attainable.

He also warned that income tax department is now identifying
non-filers through computer generated information. Besides Pan card
details, we are exchanging information on credit cards, tax deducted
returns, bank account information.

Jayasankar said that Income Tax department is opening 30 special
counters besides 12 regular counters on Saturday and Sunday. It will
also be open on July 28, July 30 and July 31 at Aaykar Bhavan campus
to facilitate receipt of returns of income from assesssees hanving
income under the head “Salaries” whose taxable income is less than Rs
5 lakh.

Exclusive counters for Tambaram and Kancheepuram assesses would also
be open at Aaykar Bhavan Campus. He said that e-filing is mandatory
for assessees with taxable income in excess of Rs 5 lakh.