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Mar 21, 2025
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Two-third of Rs 43 lakh crore tax demand 'difficult' to collect: Income Tax Dept
Two-third of Rs 43 lakh crore outstanding direct tax demand is "difficult to collect", Income Tax Department has informed a Parliamentary panel. When the Standing Committee on Finance expressed concern over the huge arrears of demand and desired to know the possible steps, including a moratorium, that can be taken to address this, the Chairman of CBDT told the panel that arrears are a cause for concern.
"We have around Rs 43,00,000 crore of arrear demand which is a cause of concern for us. Partly, this is a legacy issue. This arrear pertains to mid-90s also because earlier what used to happen was there was essentially a manual registers that we were keeping," the CBDT Chairman told the panel.
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