 "A dedicated unit of tax sleuths tracking cases of evasion in the pre-goods and services tax (GST) era may cease to exist from financial year 2025-26 (FY26).")
Ahead of the presentation of the FY26 Budget in February, government sources said they not only expect to meet the Rs 22 trillion gross direct tax collection target for FY25, but also exceed it given the robust trend so far.
“Gross collections have not come down. It is because of higher refunds that net collections have slowed down. The way the economy is doing and the way the collections are growing, we are hopeful that we will not only meet the target but also exceed it,” the source said.
Data released by the finance ministry up to 10 November of
