The Central Board of Direct Taxes (CBDT) has directed the Income Tax department to monitor tax collection carefully, as the current financial year is nearing an end.
In a communication dispatched to the Chief Officials, the Central Board of Direct Taxes Chairman Sushil Chandra asked them to personally monitor the revenue collection work, which is the “single most parameter for evaluating the performance of the department”.
“On review of the position of budget collection as on March 4, it is noted that as against the target growth rate of above 14 per cent, the current rate of growth of net collections is only 10.6 per cent, which does not augur well for achievement of the budget target in the current year,” the CBDT chairman said.
Direct tax collection for the current financial year (2016-17), which ends on March 31, is about Rs 8.47 lakh crore.
“With a view to concentrate all efforts toward the objective of achieving the budget target, you are requested to personally review and monitor the position of collections through advance tax, tax deducted at source and recovery from arrear and current demand of your region on a weekly basis,” Chandra said.
He said that while he has written separate communications in the recent past for enhancing efforts in this direction, fresh action “may be followed scrupulously by all officers engaged in the work of assessment and collection”.
