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I-T collections up 42 pc till Dec

Our Bureau

Hyderabad , Jan. 6

THE income-tax collections in Andhra Pradesh stood at Rs 4,294 core at the end of December for the current financial year, up 42 per cent from Rs 3,018 crore collected during the same period last year.

Against the target of Rs 6,401 crore set for the AP region for the current fiscal, about 67 per cent has been collected so far, the Chief Commissioner of IT, Mr D.V. Dharmik, told newspersons.

On personal I-T, he said notices were being issued to 15,000 individuals who have spent/invested unaccounted income of Rs 5 lakh or more each. "Our analysis showed that these individuals do not have Permanent Account Numbers (PAN) and have not filed their IT returns. We will take up further course of action against them once we receive the response," Mr Dharmik said.

The I-T Department was in possession of person-specific information with regard to high spenders/investors. About six lakh pieces of information from various sources such as banks, cell phone companies, hotels, stock exchanges, sub-registrars and transport authorities have been collected, he said.

On collection from the newly imposed Fringe Benefit Tax, he said Rs 36 crore was collected from employers in the State till end December. Similarly, through 48 raids conducted on tax evaders, Rs 23 crore has been recovered.

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