BDO India Tax Experts input on Gross Direct Tax collections for the Financial Year (FY) 2024-25 register a growth of 22.19%
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Further to the recent PIB update on the Gross Direct Tax collections for the Financial Year (FY) 2024-25 register a growth of 22.19%; our expert has shared the inputs below, in case you are planning a story, would like to request to kindly include the same.
Inputs from Prashant Bhojwani, Partner, Corporate Tax, BDO India
“June quarter’s advance tax collection, being the first instalment for the year is typically based on people’s outlook of business and financial prospects. Growth of 27.34% in advance tax collections over June 2023 (vis-à-vis a growth of 13.70% witnessed in first quarter of 2023) is a reflection of people’s positive outlook towards the economy and is a boost for the Government, post-elections”.
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