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Wednesday, December 19, 2007
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Forex News
Dec 18 2007 12:37PM
India~s Apr-Dec 15 direct taxes up 42.5 pct yr/yr

NEW DELHI, Dec 18 (Reuters) - India's direct tax receipts rose 42.5 percent year on year during the April 1 to Dec. 15 period to 1.64 trillion rupees ($41.53 billion), or 61 percent of the annual target for this fiscal year, the finance ministry said on Tuesday.

In February, India set a direct tax target of 2.67 trillion rupees for the financial year 2007/08.

Corporate tax receipts were up 42.37 percent at 983.91 billion rupees, while income tax grew by 42.83 percent to 657.74 billion rupees in the same period.

($1=39.49 rupees)

(Reporting by Surojit Gupta, Editing by Mark Williams) (([email protected]; +91-11-4178-1016; Reuters Messaging: [email protected])) Keywords: INDIA ECONOMY/TAX

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