Monday, December 23, 2024 | 03:28 AM ISTEN Hindi

Home / Economy / News / Tax officials may ask for 6% reduction in collection target in Budget 2019

Tax officials may ask for 6% reduction in collection target in Budget 2019

The new finance minister, Nirmala Sitharaman, has already expressed concern over revenue collection at interactions with officials

Premium

Dilasha Seth New Delhi

2 min read Last Updated : Jun 21 2019 | 7:59 PM IST

Tax officials are likely to ask for a reduction up to 6 per cent in their collection target in the full Union Budget for 2019-20, compared to what was given in the interim Budget. That 6 per cent would translate into a reduction of Rs 1.5 trillion.

The new finance minister, Nirmala Sitharaman, has already expressed concern over revenue collection at interactions with officials.

The cuts are being sought by both the direct and indirect tax departments. Direct tax officials are going to ask for a cut in their collection target by Rs 60,000-70,000 crore or 4.3-5.1 per cent of

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in