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Direct Tax »
 Government sets up a panel to draft new direct tax law
 High court judges, experts brainstorm on likely GST litigations
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 Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India under the Income-tax Act, 1961

Direct tax collections up 3.7 pc, says RBI
October, 27th 2009

Direct tax collections up to September registered a growth of 3.7 per cent over the same period of last fiscal year, the Reserve Bank said. 

While corporate tax collections grew by 5.6 per cent, collections under personal income tax (including security transaction tax) increased by 0.38 oper cent, the RBI said in its Macroeconomic and Monetary Developments Second Quarter Review 2009-10, released here today.

Advance tax collections were also reported to have been higher during Q2 FY 10, than the preceding quarter of the year, the RBI said.

 
 
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