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Bushu Hero Username: Bushu Post Number: 14949 Registered: 04-2009 Posted From: 173.76.247.181 Rating: |
https://www.financialexpress.com/economy/record-tax-collecti on-cheering-numbers-how-india-finally-seems-to-be-becoming-a -tax-compliant-country/1288399/ >> To begin with, there has been a dramatic rise in direct tax collection since 2016, data show. The income tax growth which was mere from 8.2% in FY16 rose to 26.8% in FY17 and 21.0% in FY18. Moreover, tax collection in the financial year 2017-18 stood at the record Rs 10.03 lakh crore. And between April 1 and July 31, there has been a rise of 53% in the number of income-tax returns filed electronically, for which GST could be given credit. As compared to last year same period, e-returns jumped from 2.24 crore to 3.43 crore. |
