SUSHIL CHANDRA
Chairman, CBDT &
Special Secretary to the Government of India
GOVERNMENT OF INDIA
Ministry of Finance/Department of Revenue
Central Board of Direct /taxes
North Block, New Delhi- 110001
E-Mail – chairmancbdt@nic.in
Tele : 23092648 & Telefax : 23092544
No. 370/02/2017-IT (B)
Dated: 06th July, 2017
Dear Principal Chief of Commissioner of Income Tax
Subject: Achievement of Revenue Collection targets for FY 2017-18- Need for sustained efforts through the year.
The position of direct tax collections till June 2017 has been reviewed by the Board and it is noted that on several parameters, the growth in revenue is not satisfactory. The gross collections have increased by only 8.4% and it is only due to lower refunds that the net collections are showing a growth rate of about 15%. You will appreciate that once refunds in cases not selected in CASS start getting issued. the growth rate in respect of net collections may also come down.
Even under various Minor Heads including Advance Tax, TDS, Self-assessment Tax and Dividend Distribution Tax, the growth rate this year is significantly lower than last year. Most Pr. CCIT Regions are showing very low growth either in terms of gross collections or net collections or both. Region-wise break-up of gross and net collections is enclosed for ready reference.
Since the Budget Estimates of Rs. 9,80,000 crore need a net growth rate of about 15.5%, sustained efforts throughout the year are required for achieving the same. Accordingly, all Regions are requested to take all measures to increase revenue collection so that the position at the end of September Quarter comes in line with the desired growth rate. If revenue is not forthcoming from one Head/ source, alternate sources may be concentrated upon to make up for the deficit. The strategies for maximization of revenue must be discussed threadbare in all the Zonal Conferences and the Zonal Member be informed of the action plan for achievement of revenue targets.
With Best Wishes
Yours
(Sushil Chandra)
Enclosure: As above.
All Principal Chief Commissioners of Income Tax
