https://www.taxtmi.com/news?id=47227 Net direct tax collection declined due to slower advance tax mop-up and substantially higher refunds, with corporate advance tax growing modestly and non-corporate advance tax falling. Gross collections rose year-on-year but increased refund issuances reduced net realisation; corporate tax receipts slowed while non-corporate income tax edged up and Securities Transaction Tax strengthened. The current pace of collections versus the government's annual target highlights the need for stronger subsequent instalments. en-us Sat, 21 Jun 2025 15:01:03 +0530 Sat, 21 Jun 2025 15:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=47227 Net direct tax collection declined due to slower advance tax mop-up and substantially higher refunds, with corporate advance tax growing modestly and non-corporate advance tax falling. Gross collections rose year-on-year but increased refund issuances reduced net realisation; corporate tax receipts slowed while non-corporate income tax edged up and Securities Transaction Tax strengthened. The current pace of collections versus the government's annual target highlights the need for stronger subsequent instalments. News - Sat, 21 Jun 2025 15:01:03 +0530 https://www.taxtmi.com/news?id=47227