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    <title>Direct tax collections increase 3.27% in first four months of fiscal</title>
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    <description>Direct tax receipts showed modest year-on-year growth in the first four months of the fiscal, with Corporate Tax rising more slowly than Personal Income Tax and Securities Transaction Tax recovering; a marked increase in tax refund outgo materially constrained net collection growth and reduced net cash inflows despite positive monthly net receipts for July.</description>
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