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« Direct Tax »
 High court judges, experts brainstorm on likely GST litigations
 Businesses need not deduct GST on advances received for goods supply: CBEC
 Redress taxpayers' grievances on priority: CBDT to I-T department
 No tax relief on EPF interest if not employed: ITAT
  CBDT signs 7 more unilateral APAs with taxpayers
 Income tax returns (ITR) filing: Get capital gains tax exemption on new property; here is how
 Reach out to non-filers of GST returns: CBEC to fields offices
 CBDT may shelve plan to seek corporate tax estimates in advance
 IT expertise at banks' board level a must, says RBI ED
 Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India under the Income-tax Act, 1961
 To avoid double-taxation CBDT says no tax at upstream foreign fund if local fund paid already

Direct tax collection up 5.8% in April-March
June, 06th 2009
Indias direct tax collection in the first two months of the current fiscal rose only 5.8% year-on-year to Rs24,158 crore from Rs22,840 crore a year ago on higher refunds and a slowdown in the economy.

Corporate tax collection in April-May was Rs8,578 crore, up 5.6%, from Rs8,126 crore in the same period last year, while income-tax collection grew 5.9% year-on-year to Rs15,559 crore.

Within income tax, securities transaction tax collection fell 24.8% to Rs795 crore and fringe benefit tax declined 5.6% to Rs103 crore.
 
 
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