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Nov 15, 2018
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Direct tax collections to exceed target this fiscal: CBDT chief
Direct tax collection has already crossed Rs 5 lakh crore and will exceed the budgeted target of Rs 11.5 crore set for the current fiscal, CBDT Chairman Sushil Chandra said. He further said that so far the I-T department has issued refunds to 2.15 crore assessees amounting to Rs 1.15 lakh crore and from now onwards the net collections will increase. "We have already crossed the Rs 5 lakh crore figure that is 44 percent of the net direct tax collection target. This is despite the fact there is a surge in refund," Chandra said.
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