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    <title>Direct Tax Collections upto July, 2016 indicate net revenue collections of 1.59 lakh crore; thus registering an increase of 24.01% over the corresponding period last year ; 18.82% of the Budget Estimates of direct taxes for FY 2016-17 achieved till July 2016 Refunds amounting to 64,181 crore have been issued during April-July, 2016, which is10.43% higher than the refunds issued during the corresponding period last year</title>
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