TT: Who are the highest taxpayers in Ranchi circle?
Sinha: Cricketer and Indian skipper M.S. Dhoni among individuals and Central Coalfields Limited among corporate entities
A public sector unit as the stateís corporate topper is a surprise, given the large number of big-ticket private investors.
Let me explain. Tata Motors has its registered office in Mumbai and deposits taxes there, not Ranchi. Usha Martin deposits taxes in Calcutta. Legally, companies can choose the place to register their PAN. Though many industries enjoy Jharkhandís infrastructure, they donít deposit taxes here
What about the rich coal belt of Dhanbad?
Dhanbad, Koderma, Giridih, Dumka, Deoghar, Godda, Pakur, Sahebganj, Jamtara, among others, though located in Jharkhand, fall under Patna I-T circle
What other problems do you face?
Naxalism in rural Jharkhand is a major constraint. Our men donít feel safe
What is your tax target for the 2013-14 fiscal?
Our target is Rs 3,561 crore, against which our collections upto September 30, 2013 stands at Rs 1,849 crore or roughly 52 per cent
What steps are you taking to hike tax collections?
We hold income tax surveys. High-value transactions are monitored. We have issued over 50,000 notices
People expect the I-T department to curb graft.
Land and buildings are the major investments. According to section 194-IA, with effect from June 1, 2013, tax deducted at source (TDS) at 1 per cent of sale value is to be taken when any immovable property, other than agricultural land, worth over Rs 50 lakh, is sold. This new section will help track real estate deals
Any special drive against politicians?
We do look into cases of sudden or high increase in the net wealth of politicians
What happened to the over Rs 21 lakh seized from a Ranchi hotel in April before mayoral polls?
There is a special account into which all such seized amounts are deposited
lCan those who failed to file their I-T returns before July 31 do so now?
The last date for filing returns for the 2013-14 assessment year was July 31, 2013. Those who didnít may file returns by March 2015