India's outstanding tax demand has surged to ₹42 lakh crore, with ₹27 lakh crore deemed difficult to recover. Untraceable assessees, insufficient assets, and insolvency proceedings contribute to the massive backlog. Indirect tax arrears also climbed, exceeding ₹4.26 lakh crore. Staff shortages plague both tax departments, hindering collection efforts.
from News-Economic Times https://ift.tt/4M8uQGJ
Tough to mop up taxman's outstanding demand
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