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Direct Tax Collections for November, 2016 show Growth of 15.12 %

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....irect Tax Collections for November, 2016 show Growth of 15.12 % <br>News and Press Release<br>Dated:- 9-12-2016<br><BR>Government of India Ministry of Finance Department of Revenue Central Board of....

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.... Direct Taxes New Delhi, 09 December, 2016. PRESS RELEASE Sub: Direct Tax Collections for November, 2016 show Growth of 15.12 % The figures for Direct Tax collections up to November, 2016 show th....

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....at net collections are at &#8377; 4.12 lakh crore which is 15.12% more than the net collections for the corresponding period last year. This collection is 48.67% of the total Budget Estimates of Direc....

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....t Taxes for F.Y. 2016-17. As regards the growth rates for Corporate Income Tax (CIT) and Personal Income Tax (PIT), in terms of gross revenue collections, the growth rate under CIT is 11.22% while th....

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....at under PIT (including STT) is 22.41%. However, after adjusting for refunds, the net growth in CIT collections is 8.75% while that in PIT collections is 23.89%. Refunds amounting to Rs.1,05,561 crore....

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.... have been issued during April-November, 2016, which is 17.35% higher than the refunds issued during the corresponding period last year. (Meenakshi J.Goswami) Commissioner of Income Tax (Media an....

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....d Technical Policy) Official Spokesperson, CBDT.<BR> News - Press release - PIB....