Revenue collection to exceed budget estimate in FY 15: Arun
Jaitley
21/07/2014 16:15
After missing target in the last financial year, the government today showed confidence that tax collection during the current fiscal would exceed budget estimate of Rs 13.64 lakh crore, reported PTI. "Revenue collection targets fixed for 2014-15 will not only be achieved but also surpassed," Finance Minister Arun Jaitley said. He was addressing the 30th annual conference of Principle Chief Commissioners, Principle Director Generals (DGs), Chief Commissioners & DGs of Income Tax Department here. The government estimates to garner Rs 13.64 lakh crore from both direct and indirect tax collection during the current fiscal. During 2013-14, tax collection fell short of target by a whopping Rs 77,000 crore. The government collected Rs 11.58 lakh crore against the budget estimate of Rs 12.35 lakh crore. There are doubts about the meeting of indirect tax collection target for the current fiscal as there is slowdown in the economy. On income tax front, however, there is possibility of surpassing target.
21/07/2014 16:15
After missing target in the last financial year, the government today showed confidence that tax collection during the current fiscal would exceed budget estimate of Rs 13.64 lakh crore, reported PTI. "Revenue collection targets fixed for 2014-15 will not only be achieved but also surpassed," Finance Minister Arun Jaitley said. He was addressing the 30th annual conference of Principle Chief Commissioners, Principle Director Generals (DGs), Chief Commissioners & DGs of Income Tax Department here. The government estimates to garner Rs 13.64 lakh crore from both direct and indirect tax collection during the current fiscal. During 2013-14, tax collection fell short of target by a whopping Rs 77,000 crore. The government collected Rs 11.58 lakh crore against the budget estimate of Rs 12.35 lakh crore. There are doubts about the meeting of indirect tax collection target for the current fiscal as there is slowdown in the economy. On income tax front, however, there is possibility of surpassing target.
