Finance Professional
6216 Points
Posted on 29 December 2017
Increase in Direct Tax Collections by 14.4% :
Direct Taxes is a major source of fiscal revenues. This year, the government achieved its yearly target in less than 8 months. Resulting, to prompt processing of refunds to the taxpayers.
However, it is still seen that in some cases, refunds are being abstained either because of heavy refunds or some other discrepancies in the income tax return.