Surat: Despite the impact of Covina-Corona transition, the boom in Surat’s diamond, textile and chemical industries has benefited the income tax department. Amidst the inflation boom, the real estate industry has also got better tax collection than 2020-21. During the financial year 2021-22, the Surat income tax department has collected Rs 11,200 crore against the target of Rs 8,100 crore. The first three quarters of the year 2021 saw no significant income to the income tax department as trade and industry remained stagnant.
The government’s unwritten order was to stop search and survey operations and to allow industries to sit still. As the boom began, searches and surveys began on the Big Builder and Textile groups. A single builder from Surat got black money of Rs 1100 crore. In the financial year 2020-21, the target of Rs 7470 crore was almost achieved. Similarly, in 2019-20, the revenue was only Rs 4358 crore. The effect of the first and second wave of the corona was seen on the target. For the last two years, the income of the pharmaceutical companies, which are also being assessed for the Vadodara division in Surat, is also being considered in the Surat income tax department. Due to which the recovery is more.
Let me tell you that at one time the highest tax evasion was reported in Surat. At the time of implementation of GST, a central level leader had addressed the textile traders of Surat as thieves in a news debate, after which the entire footage was edited. It is also believed that diamond owners have a large amount of black money in the diamond industry of Surat. The national level leadership has always been sneering at the huge amount of blackmail in Surat, but the people of Surat have now broken this deadlock. By paying Rs 3,100 crore more than the target, Mozilla Suratis have proved that they are always ready to embrace change.
Surat Income Tax Department has got so much income in last 3 years
4358 crore against the target of 4358 crore in 2019-20, 7628 crore against the target of 7470 crore in 2020-21 and 11,200 crore against the target of 8100 crore in 2021-22.
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