Direct tax collections in April-July this year rose 15.75 per cent to Rs 85,647 crore, against Rs 73,990 crore in the first four months last financial year. The direct tax collections in July increased 16.8 per cent to Rs 16,972 crore, compared with Rs 14,525 crore in the same month last year.
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sajeetharan wrote:
[quote]Direct tax collections in April-July this year rose 15.75 per cent to Rs 85,647 crore, against Rs 73,990 crore in the first four months last financial year. The direct tax collections in July increased 16.8 per cent to Rs 16,972 crore, compared with Rs 14,525 crore in the same month last year.
http://sify.com/finance/april-july-direct-tax-mop-up-rises-15-75-news-news-kigcbkfjhia.html[/quote]
The statistics given by Sajeetharan clearly establish that Bihar Region is showing growth in income tax collection more than other regions. This is indicative of overall growth in income of the Bihar region. Tax collection depends on income. We cannot assume that Bihar is more tax compliant than others. The only conclusion is that Bihar is progressing. All Biharis and particularly, Nitish Kumar, chief Minister deserve congratulations.
G. K. Ajmani Tax consultant http://gkajmani-mystraythoughts.blogspot.com/
Yes Gulshan,
bihar has improved alot in bjp-jdu alliance. hope people of bihar will elect them again.i have read many big industries are too planning to set up their factories in bihar but are waiting bjp-jdu to win
