Jun 8, 2020
Gross direct tax mop-up dips 4.92 per cent to 12.33 lakh crore in FY20
Gross direct tax mop-up dips 4.92 per cent to 12.33 lakh crore in FY20
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The actual gross direct tax collection during 2019-20 fiscal dipped by 4.92 per cent to Rs 12.33 lakh crore on account on reduction in corporate tax rate, increased standard deduction and personal I-T exemption limit, the Income Tax Department said on Sunday.
However, the gross collections would have clocked a 8 per cent growth to Rs 14.01 lakh crore in 2019-20 if revenue foregone in…
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