Skip to main content

Govt upbeat on tax mop-up despite growth moderation

The government remains hopeful of tax collections remaining robust despite a moderation in growth rates in recent weeks, which is partly due to full data not being captured as well as some impact of the base effect. Latest direct taxes data released by the finance ministry indicated that the growth rate in gross collections had slowed from nearly 40% in June to 23.8% during the fiscal year up to October 8, when the mop-up rose to just under Rs 9 lakh crore. Net of refunds, collections were 16.3% higher at around Rs 7.5 lakh crore.

The government remains hopeful of tax collections remaining robust despite a moderation in growth rates in recent weeks, which is partly due to full data not being captured as well as some impact of the base effect. Latest direct taxes data released by the finance ministry indicated that the growth rate in gross collections had slowed from nearly 40% in June to 23.8% during the fiscal year up to October 8, when the mop-up rose to just under Rs 9 lakh crore. Net of refunds, collections were 16.3% higher at around Rs 7.5 lakh crore. from Times of India https://ift.tt/K3nhxjd
Labels:

Comments

Post a Comment

Popular posts from this blog

Richardson vs Jackson: 100m heat thriller at World Championships

Sha'Carri Richardson edged out Shericka Jackson in a thrilling 100m heat at the World Athletics Championships in Tokyo, clocking 11.03 seconds. Jackson finished a close second at 11.04 seconds. Australia's Torrie Lewis secured third place with 11.08 seconds, setting a new national record. This victory fuels Richardson's confidence as she prepares for the semi-finals, continuing her rivalry with Jackson. Sha'Carri Richardson edged out Shericka Jackson in a thrilling 100m heat at the World Athletics Championships in Tokyo, clocking 11.03 seconds. Jackson finished a close second at 11.04 seconds. Australia's Torrie Lewis secured third place with 11.08 seconds, setting a new national record. This victory fuels Richardson's confidence as she prepares for the semi-finals, continuing her rivalry with Jackson. from Times of India https://ift.tt/LgTNebu
Post a Comment
Read more

'Google is training a model that could run on Apple’s servers', as iPhone maker explores ...

Apple is reportedly in talks with Google to license its Gemini AI model for a future version of Siri, signaling a potential shift in Apple's AI strategy. The company is also evaluating its own AI models and external technologies, including those from Anthropic and OpenAI, as part of a revamped Siri project. Apple is reportedly in talks with Google to license its Gemini AI model for a future version of Siri, signaling a potential shift in Apple's AI strategy. The company is also evaluating its own AI models and external technologies, including those from Anthropic and OpenAI, as part of a revamped Siri project. from Times of India https://ift.tt/UGRQpaF
Post a Comment
Read more

Waking up with a dry mouth every day? Doctors say it’s not just dehydration

Waking up with a dry mouth daily often signals more than just dehydration. Experts highlight that mouth breathing due to nasal congestion, sleep apnea, certain medications, or underlying health conditions like diabetes can cause persistent morning dryness. Ignoring this symptom can lead to dental issues and other health complications. Waking up with a dry mouth daily often signals more than just dehydration. Experts highlight that mouth breathing due to nasal congestion, sleep apnea, certain medications, or underlying health conditions like diabetes can cause persistent morning dryness. Ignoring this symptom can lead to dental issues and other health complications. from Times of India https://ift.tt/nx16w43
Post a Comment
Read more