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Jul 09, 2025
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Tax evasion or underreporting: CBDT sees whopping Rs 20,000 crore income tax recovery; almost double of last year
The CBDT (Central Board of Direct Taxes) has successfully collected Rs 20,000 crore in pending dues during the first quarter of the current financial year, representing a twofold increase compared to the corresponding period last year. These collections were in response to demand notices issued by the income-tax department through March 31.
Officials indicate that collection efforts will become more rigorous in the upcoming months, with the department aiming to recover Rs 1.96 lakh crore this fiscal year. The tax authority is currently working to identify instances where taxpayers are suspected of income under-reporting or deliberate tax evasion.
Officials told ET that the recovered amount had Rs 17,244 crore in corporate tax, Rs 2,714 crore in personal income-tax, and Rs 180 crore from inadequate or non-payment of tax deducted at source.
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