https://www.taxtmi.com/news?id=22876 After accounting for higher refunds and revenue foregone because of major tax reforms-concessional corporate rates, new manufacturing incentives, MAT reductions, and personal tax reliefs-adjusted gross direct tax collections for FY 2019-20 indicate maintained growth trajectories. Estimated revenue impacts were explicitly added back to gross collections, producing tax buoyancy at or above unity for Corporate Tax and higher for Personal Income Tax, demonstrating continued expansion of the tax base and the operational strength of direct tax revenue despite temporary net collection decline. en-us Mon, 08 Jun 2020 09:24:41 +0530 Mon, 08 Jun 2020 09:24:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22876 After accounting for higher refunds and revenue foregone because of major tax reforms-concessional corporate rates, new manufacturing incentives, MAT reductions, and personal tax reliefs-adjusted gross direct tax collections for FY 2019-20 indicate maintained growth trajectories. Estimated revenue impacts were explicitly added back to gross collections, producing tax buoyancy at or above unity for Corporate Tax and higher for Personal Income Tax, demonstrating continued expansion of the tax base and the operational strength of direct tax revenue despite temporary net collection decline. News - Mon, 08 Jun 2020 09:24:41 +0530 https://www.taxtmi.com/news?id=22876