CA NeWs Beta*: The Comptroller and Auditor General of India (CAG) on Friday said amount towards uncollected tax demand increased to Rs 7 lakh crore at March 2015 end from Rs 5.75 lakh crore in the previous year

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Sunday, March 13, 2016

The Comptroller and Auditor General of India (CAG) on Friday said amount towards uncollected tax demand increased to Rs 7 lakh crore at March 2015 end from Rs 5.75 lakh crore in the previous year

"The uncollected demand is rising despite clear provisions in the (Income Tax) Act to enforce collection and recovery of outstanding demand viz. attachment and sale of assessess' movable and immovable property, appointment of a receiver for the management of assesses' properties and
imprisonment," said the CAG report.
The official auditor, the report found that direct taxes increased by 9 per cent in 2014-15 (Rs 57,196 crore) compared to 2013-14.
However, share of direct taxes in gross tax revenue decreased slightly to 55.9 per cent in 2014-15 from 56.1 per cent in the previous financial year

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