I-T Dept eyes Rs 2.56 lakh cr tax mop up from Mumbai in FY16

Published on: 

The Income Tax department is looking at collecting  tax worth Rs 2,56,000 crore from the Mumbai zone during this fiscal, which is 13 per cent more than the amount mopped up last year.

The department had collected Rs 2,26,000 crore tax from the Mumbai zone during 2014-15.

"We are working on a three-pronged strategy to achieve the higher target at Rs 2,56,000 crore this fiscal year," newly-appointed Principal Chief Commissioner of Income Tax and Head of Mumbai zone, D S Saxena told the news agency.

Explaining the strategy further, Saxena said, "To begin with, the department will try to increase the number of income tax returns.

Secondly, we will try to fill up the vacancies at various levels, so that there is enough manpower, and finally we will try to recover the large amount of tax dues."

He, however, did not specify how much are the dues under litigation.

Saxena said the New Delhi zone, which he was heading prior to taking over the Mumbai zone a few days back, had collected Rs 1,02,000 crore in 2014-15, which was more than Rs 500 crore from the target for the year.

However, he did not say what is the target for the Delhi zone for this year.

The official said that the Mumbai zone being the largest contributor to the income tax kitty will be under special watch to meet the target.

Daily Pioneer
dailypioneer.com