Tax arrears from corporate houses stood at over Rs3.11 lakh crore till December 2014, Parliament was informed on Friday. While, demands from indirect sources were as much as Rs 1.54 lakh crore."The total demand pending for collection under the head Corporate Tax under direct taxes up to the month of December, 2014 was Rs3,11,080 crore.
"However, the total tax arrears in respect of indirect taxes as on January 31, 2015 was Rs1,54,702.36 crore," Minister of State for Finance Jayant Sinha said in a written reply in lok Sabha on Friday. In reply to actions taken against cases of tax evasion, he sad field formations of the Central Board of Excise & Customs and Central Board of Direct Taxes take all preventive steps. These measures include conducting extensive surveys for identification of potential tax evaders, gathering information from various sources, regular scrutiny, audit.