Nation Current Affairs 02 Apr 2019 Mumbai tops in tax c ...

Mumbai tops in tax collection

DECCAN CHRONICLE.
Published Apr 2, 2019, 1:57 am IST
Updated Apr 2, 2019, 2:04 am IST
In southern region, Bengaluru stands first.
Total tax collected up to March 22 in the Hyderabad region was Rs 53,724 crore. In 9 days, it went up to Rs 57,337.8 crore. Last year, the Hyderabad IT region had collected Rs 48,088.5 crore. (Representational Image)
 Total tax collected up to March 22 in the Hyderabad region was Rs 53,724 crore. In 9 days, it went up to Rs 57,337.8 crore. Last year, the Hyderabad IT region had collected Rs 48,088.5 crore. (Representational Image)

Hyderabad: After doing everything possible to make industrialists, businessmen and potential tax evaders pay up, even inviting resentment from many assessees, the all-India tax collections by the income tax department on March 31, the last day of the financial year 2018-19  stood at over Rs 10.94 lakh crore — Rs 10,94,179.1 crore to be exact — registering an overall growth of 16.9 per cent.

“'Mumbai is the financial capital and has always been No. 1 in tax collections. This time around, there was a lot of resentment from assess-ees in Mumbai, Delhi, Hyderabad, Chennai and Bengaluru regions who were angry and even used abusive language with the taxmen and threatened to write to the higher-ups as they felt that the I-T department was literally chasing them to pay up,” sources said.

 

In the south, the Bengaluru I-T region stood first with Rs 1,19,904.9 crore (growth of 18.3 per cent) followed by Chennai with Rs 74,068.5 crore (12.2 per cent growth) after which came Hyderabad region with Rs 57,337.8 crore. The Kochi region collected Rs 16,383.8 crore registering a 8.7 per cent growth.

“Over the last 15 days, we had stepped up searches, surveys and raids and our officials made innumerable telephone calls to many businessmen to pay up before March 31 and many did,'' sources said.

It is learnt that a lot of phone calls of industrialists, businessmen and potential tax evaders were being monitored, which yielded results.

 

While Mumbai collected Rs 2,35,985.2 crore as corporate tax (CT) and Rs 1,03,448.8 crore as income-tax, the figures in Delhi were Rs 1,06,530.8 crore and Rs 52,739 crore respectively.

Among the southern states, Bengaluru collected Rs 64,128.7 crore as CT and Rs 55,224 crore as I-T, Chennai Rs 43,108.1 crore CT and Rs 30,900 crore I-T, Hyderabad Rs 29,884 crore CT and Rs 27,353.4 crore I-T and Kochi collected Rs 7,940 crore as commercial tax and and Rs 8,438 crore as income-tax.

The total tax collections in Mumbai was Rs 2,98,950.7 crore last year, Delhi Rs 1,27,901.3 crore, Bengaluru 1,01,325.8 crore, Chennai Rs 66,019.6 crore, Hyderabad Rs 48,088.5 crore and Kochi Rs 15,066.6 crore. The all-India figure for the last financial year stood at Rs 9,35,785.8 crore. Among the other income-tax regions, Ahmedabad total net collections stood at Rs 49,729.1 crore (growth of 107 per cent), Jaipur Rs 20,062.7 crore,  (14.1 per cent growth) and Lucknow at Rs 13,074.9 crore (27.6 per cent growth).

 

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Location: India, Telangana, Hyderabad




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