Direct tax collections from Mumbai dip 13%, a double-digit fall in 10 years

It had declined by slightly over 4% in December. The city contributes 37% to the total direct tax revenues

Direct tax collections from India’s commercial capital, Mumbai, slipped again after witnessing a decline in December, prompting tax officials to call the development rare as a double-digit fall has happened for the first time in the past decade.
 
Mumbai’s direct tax collections fell by about 13 per cent by mid-January. It had declined by slightly over 4 per cent in December. The city contributes 37 per cent to the total direct tax revenues.
 
Sources said the total direct tax collection figures have not even touched the Rs 9-trillion-mark, leaving a gap of Rs 5 trillion to be achieved