Gross Direct Tax Collections up by 37.34 per cent while Net Direct Tax Collections Decline by 47.93 per cent during First Two Months of Current Financial Year (2011-12)

Gross Direct Tax Collections up by 37.34 per cent while Net Direct Tax Collections Decline by 47.93 per cent during First Two Months of Current Financial Year (2011-12) https://www.taxtmi.com/news?id=1893 Gross direct tax collections rose substantially in the first two months of the 2011-12 fiscal year while net direct tax collections fell sharply due to a large increase in tax refunds; refunds increased by 216.74 per cent and materially reduced net realisations despite higher gross receipts, and the press release notes the budget estimate for direct tax collections for the fiscal year. en-us Mon, 06 Jun 2011 18:22:36 +0530 Mon, 06 Jun 2011 18:22:36 +0530 TaxTMI RSS Generator Gross Direct Tax Collections up by 37.34 per cent while Net Direct Tax Collections Decline by 47.93 per cent during First Two Months of Current Financial Year (2011-12) https://www.taxtmi.com/news?id=1893 Gross direct tax collections rose substantially in the first two months of the 2011-12 fiscal year while net direct tax collections fell sharply due to a large increase in tax refunds; refunds increased by 216.74 per cent and materially reduced net realisations despite higher gross receipts, and the press release notes the budget estimate for direct tax collections for the fiscal year. News - Mon, 06 Jun 2011 18:22:36 +0530 https://www.taxtmi.com/news?id=1893