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India direct tax News

13 Jul 2024

India's Direct Tax Collection Grows 19.54% In FY 2024-25

In FY 2024-25, the corporate tax collection stood at Rs 2,65,336 crore, showing a growth rate of 20.44 per cent compared to the previous year's Rs 2,20,297 crore.

Direct tax mop-up

09 Apr 2019

Direct tax mop-up may fall short of Rs 50,000 cr in FY'19, says official

The shortfall in direct tax mop-up coupled with lower GST realisation may have implications on fiscal deficit, which the government has pegged at 3.4 percent of the GDP.

Direct tax-GDP ratio

02 Jan 2019

Direct tax-GDP ratio of 5.98% during FY18 best in 10 years: FinMin

It was 5.57 percent in 2016-17 and 5.47 percent in 2015-16.

Goods and Services Tax

27 Apr 2018

GST, demonetisation brought 1.8 mn more people into I-T net: India tells UN

Additional Secretary in the Ministry of External Affairs A Gitesh Sarma, addressing the ECOSOC Forum on Financing for Development Follow Up, said India is currently implementing a wave of reforms.

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