MINISTER OF STATE IN THE MINISTRY OF FINANCE(SHRI S.S. PALANIMANICKAM)
(a): There are more than 70,000 trusts and societies which are filing returns with the Income
tax Department every year and are assessed to Income Tax. A large number of these trusts or
societies are running schools, colleges and other educational institutions. However no separate
database of such trusts or societies is maintained.The required information therefore can be
collected only by examining each and every return of a trust or society and thereafter
ascertaining whether they are engaged in running a school or any other educational institution.
The time and effort required for collecting and compiling this information would not be
commensurate with the objective sought to be achieved by the Hon’ble M.P.
(b)&(c): Not applicable, in view of (a) above.
(d): The following special measures are being taken for timely payment of assessed income-tax
from all tax-payers including arrears of trusts/societies:-
(i) Apart from the statutory measures taken for recovery of outstanding tax dues as prescribed
under the Income Tax Act (including attachment of bank account, attachment and sale of
immovable property, etc), monitoring of recovery of amount in high demand cases by Task
Forces manned by senior officers.
(ii) Identification of cases involving substantial amount pending before Commissioners (Appeals) and ITAT and requesting these authorities to dispose off such appeals early so that
the amount can be collected during current financial year itself.
(iii) Monitoring of all outstanding arrear above Rs.10 crore by CBDT along with the Directorate
of Recovery.
