The provisional gross direct tax collections for FY23 stood at Rs 6.48 trillion, which is 35.5 percent higher than the same period last year. Direct tax collections, net of refunds, stand at Rs 5.29 trillion, which is 30.2 percent higher than the net collections for the corresponding period of last year adding that this was 37.2 % of the net direct tax Budget Estimate for FY23. According to the government data, refunds amounting to Rs 1.19 trillion have been this fiscal year are 65.3 % higher than the refunds issued for the same period in FY22. Direct taxes are one type of taxes an individual pays that are paid straight or directly to the government, such as income tax, poll tax, land tax, and personal property tax. Such direct taxes are computed based on the ability of the taxpayer to pay, which means that the higher their capability of paying is, the higher their taxes are.
Which of the following Statements about IREDA is/are True?
I- It is registered as Non-Banking Financial Company (NFBC) with Reserve Bank of India...
What is the basic difference between Gross NPA and Net NPA?
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Consider the following statements regarding Phase II of the Swachh Bharat Mission (Grameen) [SBM (G)]
1) The program will be implemented ...
When Government expenditure is more than income, through which of the following ways, it does the deficit financing?
(1) From Banks
(2) Fr...
Who among the following is not one of the eligible beneficiaries of PMUY?
Which of the following statements about Prompt Corrective Action is/are True?
I- Prompt Corrective Action F...
Which of the following Statements about Multiplier Effect is/are True?
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