Will the Minister of FINANCE be pleased to state: (a) whether Government has fixed any target/estimate for tax collection for the year 2011-12; (b) if so, the details thereof; (c) the details of net tax collection made till date against the Budget Estimate for the year 2011-12; (d) whether it is also a fact that the Central Board of Direct Taxes (CBDT) has asked its field units to go slow on clearing refunds; and (e) the action taken/being taken by Government to achieve the targets of tax collections?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI. S.S PALANIMANICKAM) (a) to (c)Yes Sir, the details for F.Y. 2011-12 are as under:- (Rs. In crore) Budget Estimate for Direct Tax Collection Revised Estimate for Direct Tax Collection. Net Direct Tax Collection. 532,660 500,600 *493,912 * Provisional, Source: Pr.CCA, CBDT. P.T.O../
-2- (d) No Sir, in fact the amount of Refund issued in F.Y. 2011-12 is Rs. 97158 crores (provisional) in comparison to the amount of Rs. 75169 crores for F.Y. 2010-11. Thus, there is an increase of 29.25%. (e) The following action is being taken by the Government to achieve the targets of tax collection: (i) Monitoring of Advance Tax Collection by identifying cases where addition are confirmed in first appeal. (ii) Monitoring of Advance Tax payment of top cases by the CCsIT concerned. (iii) Recovery of Arrear demand by identification of actionable cases and put them for strict monitoring. (iv) TDS augmentation : identification of cases of short deduction/short payment/late payment and initiating statutory action. (v) Publicity and awareness campaign regarding tax payer’s education and voluntary compliance of tax duty. (vi) Surveys of important business/trade/industry with a view to examine applicability of TDS. (vii) Cross-verification of data collected through Annual Information Return with the return of income and issuance of notices in suitable cases.
Will the Minister of FINANCE be pleased to satate :-
(a) whether Government is renegotiating tax treaty with Mauritius into avoid Double Taxation;
(b) if so, the details thereof;
(c) whether by renegotiation of tax treaty with Mauritius, India will have access to bank details besides tax related information; and
(d) by when the Tax Treaty Agreement will be signed?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE
( SHRI S. S. PALANIMANICKAM)
(a) & (b) A Joint Working Group (JWG) cornprisinq members from the Government of India and the Government of Mauritius was constituted in 2006 to inter-alia, put in place adequate safeguards to prevent misuse of the India-Mauritius Double Taxation Avoidance Convention (DTAC). Six rounds of discussions have taken place so far. There was unwillingness on the part of Mauritius to co- operate in addressing this problem. We have now proposed next round of discussion to which Mauritius is yet to respond.
(c) Yes, if Mauritius side agrees to amend the relevant Article on Exchange of Information in the DTAC.
(d) Mauritius is yet to respond. Therefore, it is not possible to fix a time limit for signing the revised treaty.
Will the Minister of FINANCE be pleased to state: (a) whether Government has fixed any target/estimate for tax collection for the year 2011-12; (b) if so, the details thereof; (c) the details of net tax collection made till date against the Budget Estimate for the year 2011-12; (d) whether it is also a fact that the Central Board of Direct Taxes (CBDT) has asked its field units to go slow on clearing refunds; and (e) the action taken/being taken by Government to achieve the targets of tax collections?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI. S.S PALANIMANICKAM) (a) to (c)Yes Sir, the details for F.Y. 2011-12 are as under:- (Rs. In crore) Budget Estimate for Direct Tax Collection Revised Estimate for Direct Tax Collection. Net Direct Tax Collection. 532,660 500,600 *493,912 * Provisional, Source: Pr.CCA, CBDT. P.T.O../
-2- (d) No Sir, in fact the amount of Refund issued in F.Y. 2011-12 is Rs. 97158 crores (provisional) in comparison to the amount of Rs. 75169 crores for F.Y. 2010-11. Thus, there is an increase of 29.25%. (e) The following action is being taken by the Government to achieve the targets of tax collection: (i) Monitoring of Advance Tax Collection by identifying cases where addition are confirmed in first appeal. (ii) Monitoring of Advance Tax payment of top cases by the CCsIT concerned. (iii) Recovery of Arrear demand by identification of actionable cases and put them for strict monitoring. (iv) TDS augmentation : identification of cases of short deduction/short payment/late payment and initiating statutory action. (v) Publicity and awareness campaign regarding tax payer’s education and voluntary compliance of tax duty. (vi) Surveys of important business/trade/industry with a view to examine applicability of TDS. (vii) Cross-verification of data collected through Annual Information Return with the return of income and issuance of notices in suitable cases.
Will the Minister of FINANCE be pleased to satate :-
(a) whether Government is renegotiating tax treaty with Mauritius into avoid Double Taxation;
(b) if so, the details thereof;
(c) whether by renegotiation of tax treaty with Mauritius, India will have access to bank details besides tax related information; and
(d) by when the Tax Treaty Agreement will be signed?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE
( SHRI S. S. PALANIMANICKAM)
(a) & (b) A Joint Working Group (JWG) cornprisinq members from the Government of India and the Government of Mauritius was constituted in 2006 to inter-alia, put in place adequate safeguards to prevent misuse of the India-Mauritius Double Taxation Avoidance Convention (DTAC). Six rounds of discussions have taken place so far. There was unwillingness on the part of Mauritius to co- operate in addressing this problem. We have now proposed next round of discussion to which Mauritius is yet to respond.
(c) Yes, if Mauritius side agrees to amend the relevant Article on Exchange of Information in the DTAC.
(d) Mauritius is yet to respond. Therefore, it is not possible to fix a time limit for signing the revised treaty.
