tax arrears

Recent Judgements on Arrest Under Service Tax

Service Tax - Delhi High Court come down heavily on Revenue against high handedness in arresting tax payers or their employees without proper adjudication ...

Read More

Can sales tax department recover sales tax from buyer of Plant and Land of sick unit?

Service Tax - Question. The dealer has purchased plant along with land from Financial Institution in auction. The original owner of plant was declared sick unit and was liable to discharge sales tax dues for past years. The Sales Tax Department is contemplating to recover the said dues from the dealer who has purchased the plant and land in auction. Wh...

Read More

CAG pulled up Income Tax Department for not recovering tax arrears worth over Rs 4,500 crore

Service Tax - The CAG has pulled up the Income Tax Department for not recovering tax arrears worth over Rs 4,500 crore from various entities due to a lack of coordination between two of its wings. The government auditor, in its latest report tabled in Parliament, said it found several cases where the Assessing Officers (AOs) did not communicate update...

Read More

Tax arrear increases to Rs. 3.90 lakh crore in financial Year 2010-11

Service Tax - Both direct and indirect tax arrears increased by about 33% to Rs 3.9 lakh crore in 2010-11. Minister of State for Finance SS Palanimanickam, while replying to different questions in Rajya Sabha, informed that direct tax arrears worth Rs 3,33,077 crore were not realised, while it was Rs 56,889.62 crores in the case of indirect taxes....

Read More

I-T arrears stood at Rs 2,48,927 crore- Finmin

Service Tax - The total income tax arrears in the country stood at Rs 2,48,927 crore on April 1, 2010, and the Central Board of Direct Taxes (CBDT) is tasked to monitor all outstanding dues of above Rs 10 crore, Parliament was informed on Tuesday. In a written reply in the Rajya Sabha, Minister of State for Finance S S Palanimanickam said the total out...

Read More

Tax arrears up 18 per cent to Rs 2.93 lakh crore till March

Service Tax - The government today said that tax arrears rose over 18 per cent to Rs 2.93 lakh crore as on March 31, 2010 against the year-ago period. The direct tax arrears grew over 16 per cent to Rs 2.48 lakh crore as on March 31, 2010 compared to Rs 2.13 lakh crore at the end of 2008-09, Minister of State for Finance S S Palanimanickam said in a wr...

Read More

Government asked CBDT to put MIS system to track and recover Income tax arrears

Service Tax - Income-tax arrears against assessees — of Rs 2,01,276 crore as on March 31, 2009 — have once again become an issue, as Parliament’s standing committee on finance has asked the Department of Revenue and the Central Board of Direct Taxes (CBDT) to put in place a Management Information System (MIS) within three months for collating and...

Read More
Sorry No Post Found
Sorry No Post Found

Recent Posts in "tax arrears"

Recent Judgements on Arrest Under Service Tax

Delhi High Court come down heavily on Revenue against high handedness in arresting tax payers or their employees without proper adjudication ...

Read More
Posted Under: Income Tax |

CAG pulled up Income Tax Department for not recovering tax arrears worth over Rs 4,500 crore

The CAG has pulled up the Income Tax Department for not recovering tax arrears worth over Rs 4,500 crore from various entities due to a lack of coordination between two of its wings. The government auditor, in its latest report tabled in Parliament, said it found several cases where the Assessing Officers (AOs) did not communicate update...

Read More
Posted Under: Income Tax |

Tax arrear increases to Rs. 3.90 lakh crore in financial Year 2010-11

Both direct and indirect tax arrears increased by about 33% to Rs 3.9 lakh crore in 2010-11. Minister of State for Finance SS Palanimanickam, while replying to different questions in Rajya Sabha, informed that direct tax arrears worth Rs 3,33,077 crore were not realised, while it was Rs 56,889.62 crores in the case of indirect taxes....

Read More
Posted Under: Income Tax |

I-T arrears stood at Rs 2,48,927 crore- Finmin

The total income tax arrears in the country stood at Rs 2,48,927 crore on April 1, 2010, and the Central Board of Direct Taxes (CBDT) is tasked to monitor all outstanding dues of above Rs 10 crore, Parliament was informed on Tuesday. In a written reply in the Rajya Sabha, Minister of State for Finance S S Palanimanickam said the total out...

Read More
Posted Under: Income Tax |

Tax arrears up 18 per cent to Rs 2.93 lakh crore till March

The government today said that tax arrears rose over 18 per cent to Rs 2.93 lakh crore as on March 31, 2010 against the year-ago period. The direct tax arrears grew over 16 per cent to Rs 2.48 lakh crore as on March 31, 2010 compared to Rs 2.13 lakh crore at the end of 2008-09, Minister of State for Finance S S Palanimanickam said in a wr...

Read More
Posted Under: Income Tax |

Can sales tax department recover sales tax from buyer of Plant and Land of sick unit?

Question. The dealer has purchased plant along with land from Financial Institution in auction. The original owner of plant was declared sick unit and was liable to discharge sales tax dues for past years. The Sales Tax Department is contemplating to recover the said dues from the dealer who has purchased the plant and land in auction. Wh...

Read More
Posted Under: Income Tax |

Government asked CBDT to put MIS system to track and recover Income tax arrears

Income-tax arrears against assessees — of Rs 2,01,276 crore as on March 31, 2009 — have once again become an issue, as Parliament’s standing committee on finance has asked the Department of Revenue and the Central Board of Direct Taxes (CBDT) to put in place a Management Information System (MIS) within three months for collating and...

Read More
Posted Under: Income Tax |

Tax arrears increased to 2 Lakh crore

The total tax arrears have galloped to nearly Rs 2 lakh crore till September 30, 2009, an amount sufficient to fund at least half of the government’s budget deficit for the current financial year. But, surprisingly, the government has said that it can only recover Rs 13,000 crore, about 6.5% of the total outstanding, from corporates and...

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (3,525)
Company Law (3,466)
Custom Duty (6,674)
DGFT (3,501)
Excise Duty (4,051)
Fema / RBI (3,292)
Finance (3,503)
Income Tax (25,356)
SEBI (2,758)
Service Tax (3,288)

Search Posts by Date

November 2017
M T W T F S S
« Oct    
 12345
6789101112
13141516171819
20212223242526
27282930