Govt revises direct tax collection target for 2009-10

The Finance Minister Tuesday revised the direct tax collection target for the current fiscal to Rs 4 lakh crore, sources said.

Last Updated: Aug 11, 2009, 17:17 PM IST

New Delhi: The Finance Minister Tuesday revised the direct tax collection target for the current fiscal to Rs 4 lakh crore, sources said.
Commenting on the revised target, Central Board of Direct Taxes Chairman SS N Murthy said, "This is an aspiration we will try to achieve it (revised target)."

Earlier in the day, speaking at the annual conference of chief commissioners and directors general of Income Tax, Finance Minister Pranab Mukherjee had exuded confidence that
the budgetary target of Rs 3.7 lakh crore for the current fiscal will be surpassed.

Bureau Report