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India Official: Tax Revenue May Fall
December, 24th 2009

India's gross tax revenue may fall INR250 billion short of the targeted INR6.41 trillion in the current fiscal year ending March 31, a senior government official said Thursday.

Weak indirect tax revenue will drag down gross receipts, the official, who asked not be named, told Dow Jones Newswires.

However, the country is on track to meet its direct tax revenue target of INR3.7 trillion, the official added.

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