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Tax data shows how Covid-19 crushed small companies while big ones made hay

Listed firms paid Rs 35,000 cr more tax this year, even as corporate tax mop up fell by Rs 1 trn. Pvt ltd firms and the non-corporate sector paid Rs 1.35 trn less, which means their profits dived

Topics
Coronavirus | India Inc earnings | India Inc

Abhishek Waghmare  |  Pune 

1st quarter revenue growth to hit a 2-yr high

The pandemic and the lockdowns lopped off three per cent of India’s economy in nominal terms in 2020-21, affecting the government’s tax collection. Personal income tax revenue fell commensurately by two per cent, but revenue from corporation tax, levied on company profits, fell much more, by 18 per cent.

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First Published: Wed, July 21 2021. 20:18 IST
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