https://www.taxtmi.com/news?id=462 Direct tax receipts in fiscal 2007-08 surpassed indirect taxes and materially aided fiscal consolidation by reducing the fiscal deficit and supporting social sector investment. Growth in net direct tax collections continued for a second consecutive year, led by corporate and personal income tax increases despite higher refunds. The Income Tax Department attributes the rise to improved taxpayer compliance and strengthened administration and enforcement, while the cost of direct collection declined to a historically low level. The Department will discuss measures to further improve direct tax administration at an upcoming conference of senior officials. en-us Sat, 07 Jun 2008 10:53:00 +0530 Mon, 23 Jun 2008 09:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=462 Direct tax receipts in fiscal 2007-08 surpassed indirect taxes and materially aided fiscal consolidation by reducing the fiscal deficit and supporting social sector investment. Growth in net direct tax collections continued for a second consecutive year, led by corporate and personal income tax increases despite higher refunds. The Income Tax Department attributes the rise to improved taxpayer compliance and strengthened administration and enforcement, while the cost of direct collection declined to a historically low level. The Department will discuss measures to further improve direct tax administration at an upcoming conference of senior officials. News - Sat, 07 Jun 2008 10:53:00 +0530 https://www.taxtmi.com/news?id=462