04-09-2021 12:56 PM | Source: Reuters
India`s income tax receipts surpass revised budget target for 2020/21 - Official
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NEW DELHI - India's 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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