Skip to main content

Govt upbeat on tax mop-up despite growth moderation

The government remains hopeful of tax collections remaining robust despite a moderation in growth rates in recent weeks, which is partly due to full data not being captured as well as some impact of the base effect. Latest direct taxes data released by the finance ministry indicated that the growth rate in gross collections had slowed from nearly 40% in June to 23.8% during the fiscal year up to October 8, when the mop-up rose to just under Rs 9 lakh crore. Net of refunds, collections were 16.3% higher at around Rs 7.5 lakh crore.

from Times of India https://ift.tt/gKn1iB6
via
Labels:

Comments

Post a Comment

Popular posts from this blog

Wet spell likely in north & central India till Jan 9: IMD

The India Meteorological Department (IMD) on Wednesday predicted a wet spell over northwest India, including Delhi-NCR, Punjab and Haryana, and central India till January 9 due to two consecutive active western disturbances. It, however, said that there may not be cold wave conditions over north India during the next five days. from Times of India https://ift.tt/34pJ29g via
Post a Comment
Read more

Kashmiri Pandit killed in J&K's Shopian, 7th since 2020

A terrorist shot dead 43-year-old Kashmiri Pandit farmer Puran Krishan Bhat outside his home in Choudharygund village of south Kashmir’s Shopian district Saturday morning, triggering protests in Jammu against the latest targeted attack on the community. DIG Sujit Kumar said Kashmir Freedom Fighter (KFF), the proxy name of a terrorist outfit, claimed responsibility for the attack on Bhat. from Times of India https://ift.tt/Sk9sv5q via
Post a Comment
Read more