Wednesday, 21 October 2009

Econ panel member: FY10 direct tax may be 4 trln rupees

NEW DELHI (Reuters) – The government may collect 4 trillion rupees as direct tax for the current fiscal year ending March 2010, a government panel member said on Wednesday.

"There is an unexpected increase in recent direct tax collections. It is possible that direct tax figures may touch 4 lakh crore (4 trillion rupees)," said Govinda Rao, a member of the Prime Minister's Economic Advisory Council.

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