https://www.taxtmi.com/news?id=16346 Direct tax receipts for the initial quarter increased notably due primarily to a change in individual advance tax instalment requirements introduced in the prior year's Budget, which moved an early instalment into June and accelerated collections; gross corporation tax rose modestly while gross personal income tax rose substantially, and after refund adjustments net corporation tax growth is lower whereas net personal income tax growth is significantly higher, with the revised advance tax schedule identified as the principal cause of the early attainment of a substantial portion of the annual direct tax target. en-us Fri, 08 Jul 2016 18:59:08 +0530 Fri, 08 Jul 2016 18:59:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16346 Direct tax receipts for the initial quarter increased notably due primarily to a change in individual advance tax instalment requirements introduced in the prior year's Budget, which moved an early instalment into June and accelerated collections; gross corporation tax rose modestly while gross personal income tax rose substantially, and after refund adjustments net corporation tax growth is lower whereas net personal income tax growth is significantly higher, with the revised advance tax schedule identified as the principal cause of the early attainment of a substantial portion of the annual direct tax target. News - Fri, 08 Jul 2016 18:59:08 +0530 https://www.taxtmi.com/news?id=16346