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Jan 24, 2015
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Taxman not too worried by the mop-up gap
The Centre may have to do some heavy lifting on the direct taxes front in the last quarter, going by collection trends till December. Net direct tax collections in April-December 2014 grew just 7.4 per cent, lower than the targeted 15 per cent increase for the entire fiscal.The Centre is clearly staring at a ‘big hole’, but the gap is not that alarming, said sources privy to the working of the Income-Tax Department.A strong show is expected in the March instalment of advance tax.
Source -
http://www.thehindubusinessline.com
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