I-T dept asked to collect Rs 1150 cr in unpaid taxes in a week

Racing to maximise its revenue before the end of this fiscal, the government has asked all Chief Commissioners of Income Tax in the country to ensure collection of over Rs 1150 crore of unpaid taxes in a week’s time.

The orders to ensure collection of taxes under the self- assessment tax (SAT) category have been issued by the Finance Ministry on February 12 as an urgent and immediate measure to meet the budgetary target of Rs 4.50 lakh crore of direct taxes for this financial year.

The Central Board of Direct Taxes (CBDT) has found that almost Rs 1157 crore of taxes under the category of self- assessment tax is pending in various ranges of the country including large income regions like Mumbai, Kolkata and Delhi.