{"id":39150,"date":"2023-06-14T19:57:27","date_gmt":"2023-06-14T14:27:27","guid":{"rendered":"https:\/\/plyinsight.com\/?p=39150"},"modified":"2023-06-16T13:25:25","modified_gmt":"2023-06-16T07:55:25","slug":"i-t-to-monitor-firms-advance-tax-payments","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/i-t-to-monitor-firms-advance-tax-payments\/","title":{"rendered":"I-T to monitor firms advance tax payments"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><span style=\"color: #000000;\">In a move to ensure companies do not defer their tax liabilities for the financial year, the income-tax department has decided to keep a close watch on advance tax payments by analysing India Inc&#8217;s annual and quarterly balance sheets, as well as sectoral growth trends.<\/span><\/p>\n<p><span style=\"color: #000000;\">According to the I-T department&#8217;s central action plan for 2023-24, financial statements of top 100 listed companies in their last published annual reports, and quarterly reports through the year, will be analysed. Based on this study, senior officials will monitor advance tax collections of their charges. The officials have also been asked to focus on \u201cnotes\u201d and observations on financial accounts, if any.<\/span><\/p>\n<p><span style=\"color: #000000;\">The tax department, according to sources, will also review growth trends in some sectors. It is pertinent to study the balance sheets of companies in each sector to know whether the payment made by them is in sync with their earnings outlook.<\/span><br \/>\n<span style=\"color: #000000;\">Companies would pay the first advance tax instalment on June 15. A strategy has also been made to focus on quality secreting of accounts before raising tax demand, and to pay special attention to the recovery of arrears.<\/span><\/p>\n<p><span style=\"color: #000000;\">The idea is to both widen and deepen tax bases. The action plan, with a greater emphasis on enhancing tax collected at source and utilizing the enforcement mechanism to detect tax evasion, is expected to increase the taxpayer base by 10 per cent in 2023-24.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><strong><span style=\"color: #000000;\">\u0906\u092f\u0915\u0930 \u0935\u093f\u092d\u093e\u0917 \u0926\u094d\u0935\u093e\u0930\u093e \u0915\u0902\u092a\u0928\u093f\u092f\u094b\u0902 \u0915\u0947 \u0905\u0917\u094d\u0930\u093f\u092e \u0915\u0930 \u092d\u0941\u0917\u0924\u093e\u0928\u094b\u0902 \u0915\u0940 \u0928\u093f\u0917\u0930\u093e\u0928\u0940<\/span><\/strong><\/p>\n<p><span style=\"color: #000000;\">\u0906\u092f\u0915\u0930 \u0935\u093f\u092d\u093e\u0917 \u0928\u0947 \u0915\u0902\u092a\u0928\u093f\u092f\u094b\u0902 \u0915\u0947 \u0905\u0917\u094d\u0930\u093f\u092e \u0915\u0930 \u092d\u0941\u0917\u0924\u093e\u0928 \u092a\u0930 \u0915\u0930\u0940\u092c\u0940 \u0928\u091c\u0930 \u0930\u0916\u0928\u0947 \u0915\u093e 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\u0930\u0941\u091d\u093e\u0928\u094b\u0902 \u0915\u093e \u0935\u093f\u0936\u094d\u0932\u0947\u0937\u0923 \u092d\u0940 \u0915\u0930\u0947\u0917\u093e\u0964<\/span><\/p>\n<p><span style=\"color: #000000;\">\u0906\u092f\u0915\u0930 \u0935\u093f\u092d\u093e\u0917 2023-24 \u0915\u0940 \u0915\u0947\u0902\u0926\u094d\u0930\u0940\u092f \u0915\u093e\u0930\u094d\u092f\u092f\u094b\u091c\u0928\u093e \u0915\u0947 \u0924\u0939\u0924 \u0936\u0940\u0930\u094d\u0937 100 \u0932\u093f\u0938\u094d\u091f\u0947\u0921 \u0915\u0902\u092a\u0928\u093f\u092f\u094b\u0902 \u0915\u0940 \u092a\u093f\u091b\u0932\u0940 \u092a\u094d\u0930\u0915\u093e\u0936\u093f\u0924 \u0938\u093e\u0932\u093e\u0928\u093e, \u0938\u093e\u0932 \u092d\u0930 \u0915\u0940 \u0924\u093f\u092e\u093e\u0939\u093f\u092f\u094b\u0902 \u0915\u0947 \u0930\u093f\u092a\u094b\u0930\u094d\u091f \u0915\u093e \u0935\u093f\u0936\u094d\u0932\u0947\u0937\u0923 \u0915\u093f\u092f\u093e \u091c\u093e\u090f\u0917\u093e\u0964<\/span><\/p>\n<p><span style=\"color: #000000;\">\u0907\u0938 \u0905\u0927\u094d\u092f\u092f\u0928 \u0915\u0947 \u092e\u0941\u0924\u093e\u092c\u093f\u0915 \u0935\u0930\u093f\u0937\u094d\u0920 \u0905\u0927\u093f\u0915\u093e\u0930\u0940\u0917\u0923 \u0905\u0917\u094d\u0930\u093f\u092e \u0915\u0930 \u0938\u0902\u0917\u094d\u0930\u0939 \u0915\u0940 \u0928\u093f\u0917\u0930\u093e\u0928\u0940 \u0915\u0930\u0947\u0902\u0917\u0947\u0964 \u0905\u0927\u093f\u0915\u093e\u0930\u093f\u092f\u094b\u0902 \u0915\u094b \u0915\u0939\u093e \u0917\u092f\u093e \u0939\u0948 \u0915\u093f \u092f\u0926\u093f \u0935\u093f\u0924\u094d\u0924\u0940\u092f \u0916\u093e\u0924\u094b\u0902 \u0915\u0947 \u0928\u094b\u091f\u094d\u0938 \u0914\u0930 \u091f\u093f\u092a\u094d\u092a\u0923\u093f\u092f\u093e\u0902 \u0939\u094b, \u0924\u094b \u0909\u0928 \u092a\u0930 \u0928\u091c\u0930 \u0930\u0916\u0940 \u091c\u093e\u090f\u0917\u0940\u0964 \u0938\u0942\u0924\u094d\u0930\u094b\u0902 \u0915\u0947 \u092e\u0941\u0924\u093e\u092c\u093f\u0915 \u0906\u092f\u0915\u0930 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\u0917\u0941\u0923\u0935\u0924\u094d\u0924\u093e\u092a\u0942\u0930\u094d\u0935\u0915 \u091c\u093e\u0902\u091a \u0915\u0930\u0928\u0947 \u0915\u0940 \u0930\u0923\u0928\u0940\u0924\u093f \u092c\u0928\u093e\u0908 \u0917\u0908 \u0939\u0948\u0964<\/span><\/p>\n<p><span style=\"color: #000000;\">\u0938\u094b\u091a \u0915\u093e \u0927\u094d\u092f\u0947\u092f \u0915\u0930 \u0915\u0947 \u0926\u093e\u092f\u0930\u0947 \u0915\u094b \u092c\u095d\u093e\u0928\u093e \u0939\u0948\u0964 \u0907\u0938 \u0915\u093e\u0930\u094d\u092f\u092f\u094b\u091c\u0928\u093e \u0915\u0947 \u0924\u0939\u0924 \u0938\u094d\u0924\u094d\u0930\u094b\u0924 \u0938\u0947 \u0915\u0930 \u0938\u0902\u0917\u094d\u0930\u0939 \u092a\u0930 \u091c\u094d\u092f\u093e\u0926\u093e \u091c\u094b\u0930 \u0926\u093f\u092f\u093e \u091c\u093e\u090f\u0917\u093e \u0914\u0930 \u0915\u0930 \u091a\u094b\u0930\u0940 \u092a\u0915\u095c\u0928\u0947 \u0915\u0947 \u0932\u093f\u090f \u092a\u094d\u0930\u0935\u0930\u094d\u0924\u0928 \u0915\u0947 \u0924\u0902\u0924\u094d\u0930 \u0915\u093e \u0907\u0938\u094d\u0924\u0947\u092e\u093e\u0932 \u0915\u093f\u092f\u093e \u091c\u093e\u090f\u0917\u093e\u0964 \u0909\u092e\u094d\u092e\u0940\u0926 \u092f\u0939 \u0939\u0948 \u0915\u093f \u0907\u0938\u0938\u0947 2023-24 \u0924\u0915 \u0915\u0930\u0926\u093e\u0924\u093e\u0913\u0902 \u0915\u0947 \u0906\u0927\u093e\u0930 \u092e\u0947\u0902 10 \u092b\u0940\u0938\u0926\u0940 \u0915\u0940 \u092c\u095d\u094b\u0924\u0930\u0940 \u0939\u094b\u0917\u0940\u0964<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_raw_code wpb_raw_html wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<html>\n<head>\n<\/head>\n<body>\n  <marquee behavior=\"scrolling\" direction=\"left\" scrollamount=\"3\" seamless>\n    <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/10\/Logos-2.png\" width=\"800\" height=\"600\" alt=\"Natural\" \/>\n <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/10\/Logos-2.png\" width=\"800\" height=\"600\" alt=\"Natural\" \/>\n  <\/marquee>\n<\/body>\n<\/html>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"In a move to ensure companies do not defer their tax liabilities for the financial year, the income-tax department has decided to keep a close watch on advance tax payments by analysing India Inc's annual and quarterly balance sheets, as well as sectoral growth trends. According to the I-T department's central action plan for 2023-24, [...]","protected":false},"author":1,"featured_media":28815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4436],"tags":[4555],"class_list":["post-39150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-june-articles-2023","tag-i-t-to-monitor-firms-advance-tax-payments"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>I-T to monitor firms advance tax payments - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/i-t-to-monitor-firms-advance-tax-payments\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"I-T to monitor firms advance tax payments - 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