The gross direct tax collection in the first quarter of 2004-05, at an estimated Rs 25,548 crore, has grown 18.5 per cent, against Rs 21,561 crore mopped up in April-June 2003. | |
| According to finance ministry sources, refunds were 8 per cent lower during the period at Rs 11,460 crore, compared with Rs 12,508 crore in the first quarter of the last fiscal. |
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| Net income-tax collections during April-June jumped 74 per cent to Rs 10,285 crore, compared with Rs 5,913 crore during the corresponding period last fiscal. |
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| Net corporate tax collections, however, went up only 19 per cent to Rs 3,755 crore during the first quarter this fiscal, compared with Rs 3,159 crore in April-June 2003. |
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| Of the Rs 11,460 crore refunds during the first three months this fiscal, corporate tax refunds took the lion's share, accounting for 82 per cent or Rs 9,402 crore. Income-tax refunds were only Rs 2,042 crore during April-June this year. |
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