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1.  HOME CAMPAIGNS DIGITAL MEDIA FUND RAISING MARKETING STARTUPS MARKETS ECONOMIC Tax debt exceeded Rs 26.15 trillion by January and was 94% non-recoverable  Home - Economic - Tax debt exceeded Rs 26.15 trillion by January and was 94% non-recoverable Search here ...  Latest Update RECENT POPULAR COMMON  March 17, 2023 Indian GDP Projected to Expand by 6% in FY24 by Crisil   March 17, 2023 The Govt is developing An Incentive Programme for Cloud Startups  March 17, 2023 

2. A Heavy million investment in Zouk is made by Stellaris Venture Partners  March 17, 2023 Economic How Should you Trade the Risky Equities of ICICI Bank, Asian Paints, and Hindalco  March 15, 2023 By Gurpreet Kaur  2 days ago  0  41  2 minutes read Facebook Twitter           Most Viewed  February 15, 2023 According to Pankaj Chaudhary, state minister of finance, tax arrears reached a staggering Rs 26.15 trillion as of January 31, 2023, and up to 94% of them aren’t recoverable. Arrears have been paid off to the tune of around Rs 55,070 crore so far. This comprises Rs. 52,791 crores in unpaid direct tax obligations and Rs. 2,279 crores in unpaid indirect tax arrears. The remaining Rs 24.9 trillion are “non-collectable arrears“, the minister stated in answer to an unstarred question by Rajya Sabha Member Alla Ayodhya Rami Reddy on tax arrears in indirect and direct tax. Indirect tax arrears only make up a minor fraction of the overall outstanding debt, with direct taxes accounting for most of it (see chart). According to the statistics, of the total arrears that have not been labelled as “non-collectable arrears,” the tax authorities still seek to recover roughly Rs 69,184 crore. Of this recoverable amount, about Rs 55,000 crore and Rs 14,343 crore are related to direct taxes, respectively.  According to Chaudhary, the Central Board of Direct Taxes has issued the Annual Central Action Plan (CAP) for the fiscal year 2022–23, wherein time-bound targets for achievement of key result areas for recovery of arrears demand have been fixed. Chaudhary also noted that a multifaceted approach has been developed to address this issue of arrears demand. Adani Group equities are the Subject of This Week   January 31, 2023 IHC investment leads Adani Enterprises shares to boost by 5%    February 20, 2023 Adani Enterprises Shares Must Increase by up to 410% to Reach their 52-week Highs

3.  January 17, 2023 Shark Tank India 2 – Catching Big Fishes for National Start-Up Day    February 7, 2023 The Top Stock Q3 Results Preview of February 2023 2nd Week  February 8, 2023 Price of Paytm stock: Double Upgrades by Macquarie   Most Reviews RECENT POPULAR COMMON  March 17, 2023 Indian GDP Projected to Expand by 6% in FY24 by Crisil   March 17, 2023 The Govt is developing An Incentive

4. Programme for Cloud Startups The main areas of concentration of this approach include cleaning up the demand, reducing arrear demand by statutory measures, attempting to recover and collect money from “demand difficult to recover” demand, handling appeals promptly, and CBDT monitoring of high arrear demand cases. Several circulars have been issued, addressing all such issues of recovery of arrears, including ‘units closed or defaulters not traceable’ for speedy and timely recovery of arrears, he continued.  The CBDT is monitoring the progress on the above action plan by holding regular meetings and video conferences and through reports, he added. These circulars also outline a procedure for reducing the amount of time that arrears are pending in high courts and appellate bodies like CESTAT, the man claimed. Tax revenues that were collected but not yet realised decreased by 2.3% to Rs 15.8 trillion by March 31, 2022, from Rs 16.2 trillion as of March 31, 2021, according to data from the Budget documents. However, the sum has steadily increased over time.  It amounted to a little less than Rs 9 trillion as on March 31, 2018. Both the disputed and undisputed amounts are included in this. According to the Budget document, the main causes of unrealized tax revenue in amounts not subject to the dispute are lack of assets or insufficient assets for recovery and untraceable assesses.  March 17, 2023 A Heavy million investment in Zouk is made by Stellaris Venture Partners You can share this post! Newsletter           Subscribe to our mailing list to get the new updates!   Previous article Gynoveda, a Startup, Receives $10M from India Alternative Fund Next article  Gujarat Titans secures 26 sponsors for TATA IPL 2023  Related Articles

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6. POST COMMENT About Indiabiz Recent Post Popular Categories Trending Post  March 17, 2023 Campaigns Digital Media Adani Group equities are the Subject of This Week  Indian GDP Projected to Expand by 6% in FY24 by Crisil  Economic Fund Raising Marketing Markets Politics Startups  March 17, 2023 IHC investment leads Adani Enterprises shares to boost by 5%   The Govt is developing An Incentive Programme for Cloud Startups Uncategorized  March 17, 2023 Adani Enterprises Shares Must Increase by up to 410% to Reach their 52- week Highs A Heavy million investment in Zouk is made by Stellaris Venture Partners © Copyright Indiabiz.live 2022. Designed and Developed by Indiabiz

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