CBDT concerned over low direct tax collections
The Central Board for Direct Taxes (CBDT) has written to the Income Tax department showing concern over low tax collections this fiscal. The I-T department has collected ₹5.21 lakh crore till January against a target of ₹7.98 lakh crore for the fiscal, a shortfall of 35% with only two months left. CBDT has asked the I-T department to expedite collections.