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News DTC

  • Nov 12, 2018
  • Mid-year review: Only five tax regions manage to achieve revenue mop-up goals

    The Income Tax Department may miss the revenue collection target for this fiscal going by the numbers for the first two quarters. Out of 18 income tax regions in the country, only five — Delhi, Uttar Pradesh (E), Uttar Pradesh (W), Odisha and the North-East — have managed to achieve the revenue goals in the two quarters. According to the Central Board of Direct Taxes (CBDT) mid-year review, Mumbai region was one of the biggest laggards with 3.8 per cent growth in tax collection against a target of 13.3 per cent. At the beginning of every fiscal, the CBDT sets the targets in the Central Action Plan for the full year. The plan document is the key roadmap for enhancing revenue collection.