Indian economy has resurrected and managed to stay afloat from the poisonous pangs of recession. Direct tax collection (DTC) in the first quarter of the current fiscal has seen a growth, reports CNBC-TV18.
DTC has jumped 15.49% at Rs 68,675 crore in Q1FY11. During the same period, corporate taxes registered a growth of 21.65% at Rs 43,439 crore. However personal income tax was up by only a marginal 1.24% at Rs 26,876 crore.
Corporate Advance Tax which has been fastest since 2005 shot 31.4% at Rs 26,876 crore. Securities Transaction Tax was up 25.21% in Q1FY11.
Source : www.Moneycontrol.com
Posted by : Mayur Naik
No comments:
Post a Comment