November 20, 2008
Direct tax collections up 43% till Nov 15
Robust economy and better tax compliance have enabled the government to collect 42.9 per cent more direct net taxes at Rs 1,40,373 crore till November 15 from Rs 98,216 crore in the corresponding period last year. With this, net direct tax collections till November 15 stood at 52 per cent of the budgeted target of Rs 2,67,490 crore for this fiscal, according to an official release. Corporate Tax
Government 'should bring forward tax cuts'
The Rudd Government should bring forward its tax review and next year's planned personal income tax cuts to further stimulate the economy, a leading business lobby group says.
Roh Pledges Tax Benefits, Other Support For Logistics Industry
President Roh Moo-hyun Thursday pledged his government will provide tax benefits and expedite the expansion of Incheon International Airport and other infrastructure for the country's logistics industry.
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