January 6th, 2011
New Delhi (Business Standard): Direct tax collections in the first nine months (April-December) of the current financial year increased 19.47 per cent to touch Rs 2,98,958 crore, compared with Rs 2,50,232 crore in the corresponding period of 2009-10. Follow up:
Follow up:The growth in the April-December period was largely contributed by corporation income-tax collections. During these months, collections from corporation tax jumped 22.07 per cent. Collections of personal income-tax, including securities transaction tax (STT), residual fringe benefit tax and banking cash transaction tax, increased 10.96 per cent. The mop-up from STT increased 11.97 per cent.
Indirect tax collections went up by 42.3 per cent. Read more at. Read more at Business Standard.....