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State far behind in income tax collection

Jharkhand cuts a sorry figure as far as collection of income tax is concerned.

Out of Rs 5,75,000 crore that is supposed to be collected as income tax from across the country, a paltry Rs 3,000 crore is expected from the state. The amount is less than one percent of the total target.

The startling fact came to the fore during a seminar organised by income tax department at a Ranchi school to spread awareness about rules related to tax deduction at source (TDS) and tax collection at source (TCS). And the man to reveal it was none other than Ajit Kumar Srivastava, additional commissioner of income tax. Srivastava has received the President’s award for recovering more than Rs 2 crore from the vehicle of a relative of Rajya Sabha candidate R.S. Agrawal on the day of the elections.

Srivastava gave a power point presentation on fundamentals and latest changes in rules and regulations related to TDS and TCS. “As far as collection of income tax is concerned, Jharkhand and Bihar fall in the categories of states that account for less than one per cent of tax collected from others,” he said while starting the presentation.

Then he moved over to the main topic of the seminar and discussed various aspects of TDS and targets of the states. “Out of Rs 3,000 crore set for Jharkhand, Rs 1,931 crore is to be collected from TDS. But out of Rs 1,931 crore, about Rs 1,378 crore has been collected so far. Any irregularity in collection of TDS may be problematic for those who is supposed to deduct the sum and also those from whose income it is to be deducted besides the tax department,” he said.

More than 300 drawing and disbursing officers in different departments, chartered accountants, contractors and income tax lawyers besides accountant-general of the state Manoj Sahay and chief commissioner of income tax K.K. Sinha were present.

Later speaking to The Telegraph, Srivastava said: “The purpose was to create awareness about TDS. I spoke about Jharkhand to make participants aware of the state’s position vis-à-vis the country’s.”

He also said people of this country were not conscious about paying tax. “The department has developed a portal, containing information related to filing of return, status of TDS payment et al for 3.41 crore PAN card-holders. But hardly 30 lakh have logged on to the site,” he said.