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News Misc. - Direct Tax

  • Apr 01, 2015
  • Direct tax collection might miss revised target

    The government’s direct tax mop-up is set to miss the revised target for 2014-15, as the collection so far has been only Rs 6,30,000 crore, an income tax (I-T) department official said.Keeping in view the sluggish rise in collection, the government had revised its target downwards to Rs 7,05,000 crore for the current financial year, after initially having budgeted Rs 7,36,000 crore in the direct tax mop-up.

    Source - http://www.business-standard.com