Refunds, advance tax dip: Net direct mop-up down 1.4% to Rs 4.6 lakh crore – Times of India
NEW DELHI: Gross direct tax collections rose less than 5% to Rs 5,45,207 crore during the fiscal year up to June 19. The first of the four instalments of advance tax receipts increased at a muted 3.9%, raising fears of a sharp slowdown in the growth in corporate profits during the June quarter.On a net…