Dehradun: PK Gupta, the Principal Chief Commissioner Income Tax of Dehradun Zone on Thursday said that two Public Sector Undertaking (PSU) companies in the zone have paid Rs 1,111 crore less tax this year compared to the previous year.
"Oil and Natural Gas Corporation (ONGC) and Tehri Hydro Development Corporation Limited (THDC) are two big PSU companies in the Dehradun zone. These companies have paid Rs 1,111 crore less tax compared to the last year till September 15. The growth rate of the department has fallen because of this," Gupta told ANI.
"In a discussion with the ONGC officers, they pointed out that this was because of the price of crude oil," he added.
Gupta informed that tax assessment surveys will be conducted from October 1.
He further said that the State Finance Secretary Amit Negi has informed him that Goods and Services Tax (GST) collection in the state has been poor this year.
The income tax department got less tax from the corporate sector in the annual revenue collection. At the same time, there has been a slight increase due to the increase in the number of common taxpayers. Giving information in this regard, Income Tax Commissioner Pramod Gupta said that the revenue collection in the financial year 2019-20 (till September 18) has been 5,387 crores whereas in the financial year 2018-19 (till September 18) the revenue collection was 5,787 crores.
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