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News INCOME TAX

  • Apr 15, 2019
  • Direct tax target may be scaled down in Budget

    he direct tax target of Rs 13.80 lakh crore for the current fiscal may be scaled down in the regular Budget to be announced after the formation of the new government at the Centre, a source said. "The Department of Revenue may pitch for lowering the current target of Rs 13.80 crore in the Budget. It is difficult to grow 21 per cent (over the actual revised direct tax collections of Rs 11.4 lakh crore).