Corporate tax arrears more than Rs 3.11 trillion as of December

Corporate tax arrears more than Rs 3.11 trillion as of December

In Lok Sabha Minister of State for Finance Jayant Sinha in a written reply informed that "The total demand pending for collection under the head Corporate Tax under direct taxes up to the month of December, 2014 was Rs 3,11,080 crore (Rs 3110.80 billion).
"However, the total tax arrears in respect of indirect taxes as on January 31, 2015 was Rs 1,54,702.36 crore,"

Tax arrears from corporate houses stood at over Rs 3.11 lakh crore (Rs 3.11 trillion) till December 2014 While, demands from indirect sources were as much as Rs 1.54 lakh crore (Rs 1.54 trillion).

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Saturday, March 21, 2015

Tags – Corporate Tax Arrears Amount