NEW DELHI:  Direct tax collection grew 13.6% to 5.82 trln rupees during the period of Apr 1-Mar 22, against the revised target of 6.33 trln rupees, RK Tewari, new chairperson of the Central Board of Direct Taxes, said.

With just about a week to go for the current financial year to end, the department needs to collect more than 450 bln rupees to meet this year’s direct tax collection target. Tewari said the target was still “achievable”. “We are confident. Last year, we had collected around 450 bln rupees in the last eight days (of the financial year). We have taken some steps to meet these targets. Whatever shortfall is there, our chief commissioners of various areas have been directed to work on it,” Tewari said. The department has collected advance tax of 2.9 trln rupees till  Mar 22, against 2.7 trln rupees last year, and has refunded 850 bln rupees, up 14% on year.   -Cogencis

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