Sushil Chandra

There is inconsistency in filing income tax, says CBDT Chairman

There is inconsistency in filing income tax, says CBDT Chairman

New Delhi [India], Feb. 6 : Out of a total of 15 lakh companies in India, over 50 percent of them are not filing income tax returns, said Sushil Chandra, Chairman, Central Board of Direct Taxation (CBDT).

Speaking at a post-Budget event held by CII on Monday, Chandra revealed that only around 50 percent of the companies are regular with filing income tax returns.

"As per statistical information available, only around 36,500 companies are filing return above Rs. 1 crore. We are very certain that more persons should come under the tax net. This is a very serious problem and needs immediate attention," Chandra said.




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