Gross direct tax collection growth reported, with corporate and personal income tax increases driving higher net revenue. Gross direct tax collection increased during April-November of the fiscal year, with corporate tax collections rising and personal income tax collections growing by a larger proportion; net direct tax receipts also improved. The release additionally notes modest growth in Securities Transaction Tax receipts and a higher growth rate in Wealth Tax receipts, presented by the Central Board of Direct Taxes as interim revenue performance for the period.
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Gross direct tax collection growth reported, with corporate and personal income tax increases driving higher net revenue.
Gross direct tax collection increased during April-November of the fiscal year, with corporate tax collections rising and personal income tax collections growing by a larger proportion; net direct tax receipts also improved. The release additionally notes modest growth in Securities Transaction Tax receipts and a higher growth rate in Wealth Tax receipts, presented by the Central Board of Direct Taxes as interim revenue performance for the period.
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