India faces first fall in direct taxes: Report

India's corporate & income tax collection for the current year is likely to fall for the first time in at least 2 decades, amid a sharp fall in economic growth and cut in corporate tax rates. The govt was targetting direct tax collection of Rs 13.5 lakh crore — a 17% increase. The government has forecast 5% growth for this fiscal year - the slowest in 11 years.

from Times of India https://ift.tt/36jGHI5