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News Misc. - Direct Tax

  • Mar 08, 2019
  • Finance Ministry stares at direct tax revenue shortfall by Rs 70,000 crore to Rs 1 lakh crore

    The government may be staring at higher-than-projected deficit for the current fiscal with country's direct tax revenue expected to fall short by Rs 60,000 to 70,000 crore over the revised target of Rs 12 lakh crore for FY19, officials privy to the numbers said. Direct tax revenue has totalled to Rs 8.4 lakh crore so far this fiscal and it is doubted if the target could be reached in the next three weeks even though collections pick up in the last few months of the fiscal.