The fast rise in indirect collections is a matter of concern because indirect taxes affect the poor much more than the rich. The trend of Indirect Tax collections exceeding Direct Taxes continues unabated. In the first quarter of the current financial year, Direct Tax collections amounted to Rs.2.47 lakh crore while Indirect Tax collection stood Rs.3.11 lakh crore.
Industry body PHD Chamber said on Sunday it expects further reforms in agriculture sector and rationalisation of direct taxes in the forthcoming interim Budget.
Our economy is the fastest growing in the world but at the same time our currency is in a tailspin, our corporates are going belly up and we are facing an employment crisis.
In line with the recent upward trend, India’s direct tax collections for 11 months of the ongoing fiscal at a…
In view of the "sufferings" of the common people resulting from demonetisation, former Union Finance Minister P Chidambaram on Saturday suggested…
