Net direct tax collection grows 13% to ₹13.38 trillion till October 14
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Net direct tax collection rose 13.21 per cent to about ₹13.38 trillion between April 1 and October 14, driven by a healthy pick-up in corporate taxes.
Net corporate tax mop-up grew 20.58 per cent to over ₹5.99 trillion, while non-corporate tax (paid by individuals, firms and HUFs) rose 5.83 per cent to about ₹6.92 trillion so far this fiscal year.
Collection from securities transaction tax (STT) swelled 52 per cent to ₹46,840 crore till October 14 of FY27.
Refund issuances soared 24.22 per cent year-on-year to ₹2.65 trillion during the period.
On a gross basis, direct tax collection rose 15 per cent to ₹16.03 trillion till October 14. This included corporate tax collection of ₹7.53 trillion and non-corporate tax of ₹8.03 trillion.
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The Reserve Bank of India's spot market dollar sales to support the local currency.
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Commerce and Industry Minister Piyush Goyal on Thursday said the first phase of the India-US trade pact has been finalised and is undergoing legal drafting.
He expressed hope that it would be finalised soon and operationalised once India secures a competitive advantage over its peer countries.
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Delhi Police Commissioner Anurag Kumar has told the Supreme Court that timely, proportionate and lawful measures taken by the police helped avert a major public order situation during the recent protests in the national capital.
The commissioner, who tendered an unconditional and unqualified apology to the apex court in a contempt case, said that preventive measures undertaken on October 10.
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Prime Minister Narendra Modi on Thursday virtually inaugurated five development projects covering airport infrastructure and strategic road connectivity in Ladakh worth around ₹3,350 crore.
The projects include a new passenger terminal at the Kushok Bakula Rimpochee Airport in Leh, built for ₹640 crore. Spread over 23,800 square metres, the modern terminal is designed to handle 35 lakh passengers annually, officials said.
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