I-T Dept Doubtful On 67% Direct Tax Demand

New Delhi: Two-third of Rs43 lakh crore outstanding direct tax demand is ‘difficult to collect’, Income-Tax (I-T) Department informed a Parliamentary panel.

When the Standing Committee on Finance expressed concern over the huge arrears of demand and desired to know the possible steps, including a moratorium that can be taken to address this, the Chairman of CBDT told the panel that arrears are a cause for concern.