Securities transaction tax (STT) collections also recorded a sharp increase, reaching Rs 53,095 crore, compared to Rs 34,131 crore in the previous year. Other taxes, including wealth tax, saw a marginal decline from Rs 3,656 crore to Rs 3,399 crore
New Delhi: Reforms undertaken by the government within the Income Tax department and the “strengthening” of the Indian economy are among the major factors that led to the highest-ever direct tax collections in the country, which stand at over Rs 13.63 lakh crore, CBDT Chairman J B Mohapatra has said. He said apprehensions about the […]