Bihar-Jharkhand region top in I-T collection growth

| January 17, 2014 | 0 Comments

Patna: Bihar-Jharkhand region of Income Tax department has once again achieved highest growth in tax collection, compared to other regions in the country.

Sources in the department said Bihar-Jharkhand region achieved 23.9% growth at the end of December, 2013, compared to an average 13.4% growth at all India level. Besides Bihar-Jharkhand, Bangalore is the only region which achieved more than 20% growth against all India target of 19%.

Bihar-Jharkhand had achieved the highest growth of 27.9% of tax collection at the end of November, 2013. But it fell by 4% at the end of December, 2013. Income tax collection in Bihar-Jharkhand region has been maintaining growth for the last few months because of increase in the number of searches against tax evaders in the current financial year.

Compared to just six searches between April-December 2012, 14 searches were carried out under director, I-T (investigation) Kumar Sanjay in different cities of the two states during the corresponding period in the current financial year. In fact, it is larger than the ten search operations carried out in 2012-13.

Total seizure of cash between April and December, 2013 went up to Rs10.91 crore compared to Rs3.04 crore during the corresponding period last fiscal. The undisclosed income admitted by assessees after searches went up to Rs149.32 crore in 14 searches compared to only Rs 41.25 crore during the corresponding period last fiscal, a senior I-T officer said.

He said the Central Board of Direct Taxes (CBDT) has praised the officers of Bihar-Jharkhand region for maintaining high growth in tax collection for the last three/four months.

Courtesy: TNN

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Category: Bihar NEWS