The direct tax collections are up 15.7% for the April-November period from corresponding period a year ago, data released by the government on Monday showed.
Collections added to Rs 6.75 lakh crore while refunds amounting to Rs 1.23 lakh crore have been issued during April-November, which is 20.8% higher than refunds issued during the same period in the preceding year.
Net collections, after adjusting for refunds, are up 14.7% to Rs 5.51 lakh crore, representing 48% of the total budget estimates of direct taxes for FY19 of Rs 11.5 lakh crore.
The government expects to exceed the direct tax target for the year, which would make up some of the shortfall in goods and services collection.
Read more at: economictimes.indiatimes.com
Collections added to Rs 6.75 lakh crore while refunds amounting to Rs 1.23 lakh crore have been issued during April-November, which is 20.8% higher than refunds issued during the same period in the preceding year.
Net collections, after adjusting for refunds, are up 14.7% to Rs 5.51 lakh crore, representing 48% of the total budget estimates of direct taxes for FY19 of Rs 11.5 lakh crore.
The government expects to exceed the direct tax target for the year, which would make up some of the shortfall in goods and services collection.
Read more at: economictimes.indiatimes.com
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