I-T recovers ₹73,500 cr in pending bills

The income tax department has recovered ₹73,500 crore of pending dues in the current financial year up to March 15, with corporate tax dues amounting to ₹56,000 crore, personal income tax at ₹16,500 crore, and undisclosed income from foreign assets at ₹50 crore. The recovery is part of a targeted plan to increase collection of outstanding tax arrears. The department has seen an improvement in recovery efficiency, with efforts including using technology to track defaulters and setting zone-wise targets for field formations.