Inputs on Advance tax collection from Aakash Uppal, Partner & Leader - Direct Tax : North & East, Tax & Regulatory Advisory, BDO India

2025-12-21 02:31:02 pm | Source: BDO India

Inputs on Advance tax collection from Aakash Uppal, Partner & Leader - Direct Tax : North & East, Tax & Regulatory Advisory, BDO India

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Below the Inputs on Advance tax collection from Aakash Uppal, Partner & Leader - Direct Tax : North & East, Tax & Regulatory Advisory, BDO India

“The Centre’s advance tax collections have grown marginally by 4.16% on a gross year-on-year basis, with corporate taxes remaining the largest contributor. The growth has also been aided by a decline in tax refunds, primarily due to increased scrutiny of fraudulent refund claims. Overall, the data suggests that while the economy remains stable, the pace of tax collections could vary depending on the performance of key sectors, particularly in the context of evolving US tariff policies and the proposed India–US trade deal.”

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Inputs on Advance tax collection from Aakash Uppal, Partner & Leader - Direct Tax : North & East, Tax & Regulatory Advisory, BDO India

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