Bhubaneswar, July 24 (LocalWire): The experts on Income Tax in Odisha claimed that the direct tax collections in the state have been badly hit in the wake of the Coronavirus outbreak.
Former Principal Commissioner of Income Tax (Odisha Region) Sarat Kumar Dash on the occasion of Income Tax Day (July 24) said that the global pandemic reduced the collection heavily in the last four years.
“Coronavirus pandemic hampered direct tax collection both at the national as well as regional level.
Collection has dipped and the figures reveal the impact of the disease on revenue collections,” he said.
The official who recently retired from the department said that while the direct tax collection upto June last fiscal was upto Rs 1900 crore, this year it has been upto Rs 1200 crore, hinting at the deficit.
Dash said that during the last financial year 2019- 20, Odisha Region of Income Tax Department effected a net collection of Rs 13,413 crores .
It was however slightly less than the target set at Rs 13,663 crores by the Central Board of Direct Taxes.
“But compared with the collection of Rs 13,104 crores during the FY 2018-19, there is growth of around 2.35 % in FY 2019-20 which is not bad in view of the economic scenario of the state and the fact that the all India Collection trailed behind by around 8%,” he said.