Tax collection loses steam as corporate tax growth dwindles
Moderation in corporate earnings has significantly impacted direct tax collection with gross direct tax mop up growing by just 6.51 per cent during the first five months of the current fiscal. Gross corporate tax collection increased by an abysmal 0.15 per cent at Rs 96,738 crore during the April-August period as against Rs 96,597 crore last year.
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