The use of data analytics and advanced technology has helped the income tax department recover ₹36,000 crore from outstanding tax demand in the current fiscal, ET has learnt. This includes recovery of ₹27,000 crore from corporate tax and ₹9,000 crore from personal income tax till December 20. India’s direct tax collection, net of refunds, stood at ₹13.70 lakh crore till December 17, up 20.66% year-on-year. This included corporate tax of ₹6.94 lakh crore and personal income tax, including securities transaction tax, of ₹6.72 lakh crore. “There is a specially designed, automated and enhanced artificial intelligence software program (AI) for scrutinising income tax returns (ITR),” the official said without giving details.

Source: Economic Times December 28, 2023 13:10 UTC