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Business, Politics

ET56 :: Finance ministry states : INR 1.33 lakh crore tax non-recoverable!

copy-ek-tamacha-logo-no1.jpgNew Delhi: The Finance Ministry has written off INR 1.33 lakh Crore direct taxes – they say it is non-recoverable. A Parliamentary committee has come down heavily on this news. Question is how was this allowed to reach such “irretrievable’ levels. Out of a total demand of INR 2,48,927 crore as direct tax arrear, the said amount has been deemed non-recoverable.

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