India’s income tax receipts surpass revised budget target for 2020/21 – official

indias income tax receipts surpass revised budget target for 2020 21 official

Sumary of India’s income tax receipts surpass revised budget target for 2020/21 – official:

  • Article content NEW DELHI — India federal net direct tax receipts, mainly comprising corporate and individual income tax, were 9.45 trillion rupees ($126.33 billion) for the fiscal year ending on March 31, surpassing the revised budget target, a government official said..
  • “Net direct tax collections for the financial year 2020/21 have shown an upswing, despite the inherent challenges brought on by the COVID-19 pandemic,”.
  • Pramod Chandra Mody, head of the Central Board of Direct Taxes told reporters on Friday in virtual briefing….

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