Advance tax collection in country up by 19%: CBDT

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."

PTI

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