Industry & Economy
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Taxation
Number of direct tax payers on rise
Our Bureau
New Delhi, Sept. 7 The total number of direct tax payers is on the rise, going by data for the last three financial years submitted to the Lok Sabha today.
For 2006-07, the number of direct tax payers stood at 3.19 crore, higher than 3.15 crore for 2005-06.
The total number of direct tax payers 2004-05 stood at 3.08 crore.
The outstanding demand for direct taxes for 2006-07 stood at Rs 1,16,453 crore, said Union Finance Minister Mr P. Chidambaram in a written reply.
The outstanding demand for 2005-06 stood at Rs 92,082 crore, much higher than the outstanding demand of Rs 79,390 crore for 2004-05.
The reasons for non-realisation of the outstanding demand include stay orders by Supreme Court, High Courts, CESTAT and ITAT; inadequacy of asset; assesses not traceable; companies under liquidation; cases pending before BIFR and Settlement Commission; cases relating to public sector units pending with committee of disputes and proceedings initiated by debt recovery tribunal.
On the excise duty front, the number of excise duty paying units stood at 92,035 in 2006-07, lower than the 92,097 in 2005-06 and 94,998 units in 2004-05.
The outstanding demand for 2006-07 stood at Rs 26,024.78 crore, against Rs 21,593.43 crore (2005-06) and Rs 15,659.09 crore (2004-05).
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