https://www.taxtmi.com/news?id=42021 Provisional net direct tax collections for 2024-25 met the budget target with year-on-year growth, despite the income tax department issuing the highest-ever refunds; gross receipts rose and net collections achieved slightly above the original budget target but slightly below the revised estimate, with final adjustments pending. Corporate tax and non-corporate tax both contributed to the increase, and the provisional tax buoyancy ratio indicated direct tax growth exceeding GDP growth. en-us Fri, 25 Apr 2025 20:31:04 +0530 Fri, 25 Apr 2025 20:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=42021 Provisional net direct tax collections for 2024-25 met the budget target with year-on-year growth, despite the income tax department issuing the highest-ever refunds; gross receipts rose and net collections achieved slightly above the original budget target but slightly below the revised estimate, with final adjustments pending. Corporate tax and non-corporate tax both contributed to the increase, and the provisional tax buoyancy ratio indicated direct tax growth exceeding GDP growth. News - Fri, 25 Apr 2025 20:31:04 +0530 https://www.taxtmi.com/news?id=42021