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of <h1>CBDT Revises Monthly Revenue Collection Statement Format; Effective October 1978 for Enhanced Accuracy in Income, Corporation, and Interest Tax Reporting.</h1> The circular issued by the Central Board of Direct Taxes (CBDT) on October 7, 1978, outlines revisions to the monthly additional information statement used for reporting net revenue collections. These changes follow consultations with the Department of Economic Affairs and the Controller General of Accounts of India, leading to the abolition of obsolete minor and sub-heads of accounts. The revised proforma, effective from October 1978, updates the reporting format for collections related to Income-tax, Corporation-tax, and Interest-tax. The updated statement is intended to enhance accuracy in reporting revenue collections head wise and charge wise.
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