In Tray

The hole in revenue collection will certainly impact the fiscal deficit. What are we doing to improve collections? One, we're looking at the balance sheet of 500 top companies which account for 90 per cent of the corporate tax collections. Two, we're trying to dispose of the pending appeals. Three, we're looking at large individual taxpayers who earn more than a lakh a month. They are 8-9 per cent of the total personal tax payers. Right now, only about 66,000 of them are returning tax and I'm sure we have many more of them. We've also asked every corporate to file a return, whether it's making a profit or not.