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Govt targets to collect $67 bn direct taxes

India is confident of meeting its revised direct tax collection target of $67 bn for the current fiscal.

Written by Reuters | New Delhi |
March 17, 2009 4:23:22 pm

India is confident of meeting its revised direct tax collection target of 3.45 trillion rupees ($67 billion) for the current fiscal year that ends on March 31,a finance ministry official said on Tuesday.

“We are confident of meeting the target for 2008/09,” the official,who declined to be named,said.

The official said direct tax receipts between April 1,2008 and March 16 rose 18 per cent from a year ago to 2.96 trillion rupees.

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