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CAG TAX REPORT
States' expenditure rises 131% in 10 yrs on welfare, development: CAG ReportStates' spending surged 131 percent from 2015-16 to 2024-25. Welfare and development drove this growth. Revenue expenditure remained the la...- UP, Gujarat, Jharkhand, 10 other states record revenue surplus in FY25: CAG reportFifteen Indian states faced revenue deficits in the fiscal year 2024-25. Thirteen states, however, reported revenue surpluses. The Comptrol...
- Fiscal stress deepens across states as all 28 post deficits in FY25: CAG reportIndia's states continued to face mounting fiscal pressures in 2024-25, with all 28 states reporting fiscal deficits and their combined liab...
- CAG flags tax irregularities by banks, NBFCsThe audit identified 1,847 observations, including 671 systemic issues and 533 compliance lapses. The largest discrepancies related to impr...
- Error in assessment of income tax identifiedThe Comptroller and Auditor General (CAG) uncovered widespread errors in income tax assessments, potentially costing the government ₹5,728....
- Rs 500cr farm income got I-T relief sans verification: CAGThe CAG asks I-T department to revisit cases where agricultural income excess set threshold.
- Service tax arrears rise to Rs 1.66 lakh crore in FY18: CAG reportSimilarly, in respect of central excise, total arrears increased to Rs 96,496 crore in FY 2017-18 from Rs 84,200 crore in the previous year.
- I-T department failed to unearth black money despite informationAround 2,059 dealers issued invoices involving tax evasion of more than Rs 10,640 crore including maximum VAT of 12.5 per cent in Maharasht...
- FinMin withdrawals from CFI don't comply with provisions: CAGThe Finance Ministry has been withdrawing money from Consolidated Fund "in contravention" of Constitutional provisions while making interes...
- CBDT paid Rs 42,903 crore interest on tax refunds: CAGCAG said the Budget made no provision for interest on refunds and an expenditure on interest amounting to Rs 6,598 crore, as was incurred b...
- Over 94% of outstanding tax hard to recover: CAG ReportThe audit report said the uncollected tax demand had risen 18 per cent to Rs 5.75 lakh crore in 2013-14 from Rs 4.86 lakh crore in the prev...
- CAG blames Income Tax department for Rs 1348 crore tax loss in pharma sectorThe CAG said assessing officer had allowed Dr Reddy's to count as expense Rs 15.43 crore paid as penalty to NPPA, which was not allowable.
- CAG report on T-90 tanks goes to PAC sub-committeeThe PAC has decided to form three sub-committees this year, including on Defence, Direct and Indirect Taxes and Railways.
- Tata trusts given irregular tax exemptions of over Rs 1,000 crore: CAG"ITD allowed irregular exemptions to Jamshetji Tata Trust and Navajbai Ratan Tata Trust who invested Rs 3,139 crore in prohibited modes."
- Contradictory opinions: AG, Law Secy to appear before PACAttorney General and Law Secretary to appear before Parliamentary panel this week on issue of AG's two "contradictory" opinions.
- Tax refunds: PAC calls AG to explain contradictory opinionsPAC had taken up certain paragraphs of the CAG report on 'Expenditure incurred on interest on refunds of taxes' for examination.
- Tax outstanding in J&K stood at Rs 1610 cr at end of FY12: CAGJammu and Kashmir had tax arrears outstanding of Rs 1,610 crore as on March end 2012, says a report of Comptroller and Auditor General (CAG...
- CAG indicts J&K government over non-recovery of Rs 1,211 crore taxThe CAG report said out of the total tax arrears, Rs 1,153.66 crore was outstanding against businessmen, traders and various other organisa...
- CAG pegs tax loss of Rs 53 cr on non-resident transactionsThe government has forgone almost Rs 53,400 crore in taxes that it could have mopped up from transactions involving foreign residents over ...
- CAG wants I-T dept to scan cos cutting TDSOracle, Ericsson AB, Star Television, Reliance Industries, Reliance Infocomm and Gujarat State Petroleum among others paid less than the am...
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