The CBDT has rung alarm bells and has asked the Income Tax Department to go for a major assault as the direct tax collection target remains short of about 15 per cent, with the financial year closing less than a week away.
On March 26, CBDT Member (Revenue) Neena Kumar shot off a letter to all the regional chiefs of the department stating that the tax collection figures have "been reviewed and it is seen that as against the budget collection target of Rs 12,00,000 crore, only 85.1 per cent of the target at Rs 10,21,251 crore has been collected as on March 23."
She asked the department to take "all possible actions urgently, especially with respect to recovery of arrear and current demand, so as to achieve the targets for collection."