Direct tax collection up 5 per cent till November: Sitharaman

Rejecting fears of the corporate tax reduction impacting revenue collection, Union Finance Minister Nirmala Sitharaman on Monday told Parliament that the gross direct tax collection had increased by 5 per cent till November.​ Sitharaman was responding to the query of Nationalist Congress Party member Supriya Sule, during discussion in the Lok Sabha on the Taxation Law Amendment Bill, 2019, as to how the government was going to manage the corporate tax rate cuts if the direct tax collection has substantially dropped.

Rejecting fears of the corporate tax reduction impacting revenue collection, Union Finance Minister Nirmala Sitharaman on Monday told Parliament that the gross direct tax collection had increased by 5 per cent till November.​ Sitharaman was responding to the query of Nationalist Congress Party member Supriya Sule, during discussion in the Lok Sabha on the Taxation Law Amendment Bill, 2019, as to how the government was going to manage the corporate tax rate cuts if the direct tax collection has substantially dropped. December 03, 2019 at 07:19AM https://ift.tt/3608iOX