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CAG Presents Compliance Audit Report On Direct Taxes In Parliament

"The number of non-corporate assessees increased from 6.20 crore in FY 2018-19 to 6.39 crore in FY 2019-20, registering an increase of 3.16 per cent. The number of corporate assessees decreased from 8.46 lakh in FY 2018-19 to 8.38 lakh in FY 2019-20, registering a decrease of 0.9 per cent," according to the report.

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The Comptroller and Auditor General of India (CAG) on Tuesday presented an audit report on Direct Taxes of the union government for the year ended March 2020 in Parliament. This report contains 578 audit observations having a tax effect of Rs.12,893.13 crore.

According to the report, direct tax receipts decreased by 7.6 per cent in FY 2019-20 (Rs.10.51 lakh crore) as compared to FY 2018-19. However, the share of direct taxes in gross tax revenue decreased to 52.3 per cent in FY 2019-20 from 54.7 per cent in FY 2018-19. 

The collections from corporation tax decreased by 16.1 per cent, from Rs. 6.63 lakh crore in FY 2018-19 to Rs. 5.57 lakh crore in FY 2019-20 and Income Tax increased to 4.0 per cent from Rs. 4.62 lakh crore in FY 2018-19 to Rs. 4.80 lakh crore in FY 2019-20, the report mentioned. 

"The number of non-corporate assessees increased from 6.20 crore in FY 2018-19 to 6.39 crore in FY 2019-20, registering an increase of 3.16 per cent.  The number of corporate assessees decreased from 8.46 lakh in FY 2018-19 to 8.38 lakh in FY 2019-20, registering a decrease of 0.9 per cent," according to the report.   

The arrears of demand increased from Rs. 12.3 lakh crore in FY 2018-19 to Rs. 16.2 lakh crore in FY 2019-20.  Of which, more than 97.6 per cent of uncollected demand would be difficult to recover in FY 2019-20. 

Income Tax Department recovered Rs. 235.12 crore during 2019-20 on the basis of observations pointed out by Audit. 

A total of 356 high value cases pertaining to Corporation Tax with tax effect of Rs. 12,476.53 crore have been pointed out in this Report. 


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cag Compliance Audit direct taxes parliament