Visakhapatnam

25.2% increase in I-T collection

Vizag Commissionerate receives ₹7,181 cr. up to March 31

Visakhapatnam Income Tax Commissionerate received ₹7,181 crore as on March 31 registering a growth of over 25.2% as against the all India increase of 18.4%.

The growth rate during the last financial year was one of the highest amongst all regions of Andhra Pradesh and Telangana, senior officials said on the occasion of Income Tax Day here on Tuesday.

GITAM (deemed to be university) Vice-Chancellor M.S. Prasada Rao, Income Tax Chief Commissioner Chittaranjan Pati, Principal Commissioners B.G. Reddy and Ch. Omkareshwar spoke.

July 24 is celebrated as Income to Tax Day commemorate the bill by the then Governor General of India to levy tax introduced by James Wilson, the first Finance Member in Council in 1860.

During the first year, income tax collected was ₹1.33 crore which increased to ₹3.8 lakh crore by 2009-10. The collections crossed ₹10 lakh crore last year at the national level for the first time in the history of Income Tax Department.

Outreach programme

The Income Tax Department has conducted outreach programmes in all the stations of the region such as Rajahamundry, Tuni, Anakapalli, Kakinada, Srikakulam and Eluru and requested the assessees to file returns of income and duly pay the taxes.

“The assessees have responded positively and filed their returns and the results are astounding. Within one year, 1.52 lakh new assessees were added in this region taking the total assessees to 7.16 lakh,” an official note stated.

The department is using new software to find out tax evaders in tune with the policy of government of non-intrusion. “Over 500 grievances of assessees were properly redressed within the timelines set by Citizen Charter. All the refunds claimed by assessees were given within two to three months,” the note said.

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Printable version | Apr 2, 2020 5:51:25 PM | https://www.thehindu.com/news/cities/Visakhapatnam/252-increase-in-i-t-collection/article24506804.ece

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