Direct Tax Collections up to June, 2017 for F.Y. 2017-2018 stood at 1,42 Lakh crore registering a Growth of 14.8% higher than the net collections for the corresponding period of last year; Net direct tax collections represent 14.5% of the total Budget Estimates of 9.8 lakh crore for Direct Taxes for F.Y. 2017-18. https://www.taxtmi.com/news?id=18348 Provisional net direct tax collections for April-June 2017 increased versus the prior year and constitute a material share of the fiscal year's budgeted direct tax estimate. Gross CIT and PIT growth diverged, but after refunds net CIT growth outpaced its gross rate while net PIT growth was lower; refunds in the quarter were lower than in the corresponding prior-year period. Advance tax receipts rose overall, with moderate growth in corporate advance tax and substantially higher growth in personal advance tax. en-us Fri, 07 Jul 2017 16:37:27 +0530 Fri, 07 Jul 2017 16:37:27 +0530 TaxTMI RSS Generator Direct Tax Collections up to June, 2017 for F.Y. 2017-2018 stood at 1,42 Lakh crore registering a Growth of 14.8% higher than the net collections for the corresponding period of last year; Net direct tax collections represent 14.5% of the total Budget Estimates of 9.8 lakh crore for Direct Taxes for F.Y. 2017-18. https://www.taxtmi.com/news?id=18348 Provisional net direct tax collections for April-June 2017 increased versus the prior year and constitute a material share of the fiscal year's budgeted direct tax estimate. Gross CIT and PIT growth diverged, but after refunds net CIT growth outpaced its gross rate while net PIT growth was lower; refunds in the quarter were lower than in the corresponding prior-year period. Advance tax receipts rose overall, with moderate growth in corporate advance tax and substantially higher growth in personal advance tax. News - Fri, 07 Jul 2017 16:37:27 +0530 https://www.taxtmi.com/news?id=18348