New Delhi (The Economic Times): With economic growth showing impressive resilience, the government today said it is confident of reaching its tax collection targets, both in the direct and indirect tax segments.
Advance tax payment is a staggered system of paying taxes and is generally seen as a barometer of a particular company’s performance as the tax payments are made in line with profit expectations.
Barring cement, companies in all the sectors such as banking, auto and pharma have paid more advance tax than last year.
The government had fixed a target of 18 per cent growth in advance tax for this fiscal year. Read more…..
Hat tip to Sanjeev Kulkarni
