Net direct tax collection slumps on heavy refunds

Net direct tax collection slumps on heavy refunds
The Hindu
Even as gross direct tax collections in the first two months of 2011-12 went up by 37.34 per cent to Rs.50405 crore, the net mop-up during the period slumped by nearly 48 per cent to Rs.12954 crore, mainly owing to large refunds made by the Income-tax ...