Advance tax collection in country up by 19%: CBDT
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Last Updated: Wednesday, June 16, 2010, 22:39
Ahmedabad: Chairman of Central Board of Direct Taxes (CBDT) S S N Moorthy today said that first instalment of advance tax collection in country has registered a growth of 19 per cent as compared to same period a year ago.

"I am happy to submit before the finance minister that advance tax collection all over India as on today has registered a growth of almost 19 per cent as compared to last year at the same time," Moorthy said.

This shows our healthy industrial financial growth which will help us in reaching the target of Rs 4.30 lakh crore, he said.

Moorthy was speaking at a function organised by the Gujarat IT Department where Finance Minister Pranab Mukherjee was also present.

"During the conference of Chief Commissioners of Income Tax, the finance minister had said that I am a man of great appetite, so we have to work still harder to see that we exceed this target of 4.30 lakh crore," Moorthy said.

CBDT Zonal Member, Western region, C S Kahlo said, "the performance of western region continues to be good which is clear from fresh indications that advance tax collection from top 100 corporate assesses in the region showed an increase of 40 per cent."


First Published: Wednesday, June 16, 2010, 22:39

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