Gross direct tax collections surged 15.7 per cent to Rs 6.75 lakh crore for April-November, the finance ministry said Monday. Refunds worth Rs 1.23 lakh crore have been issued in the eight months of the current fiscal, which is 20.

Direct tax collections surge 15.7% to Rs 6.75 lakh crore in April-November

The Taxation Law is expected to tax defaulting assessees at a higher rate and stringent penalty provision

Income Tax Act: This is how the new amnesty scheme looks like

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Direct tax collections surge 15.7% to Rs 6.75 lakh crore in April-November

Income Tax Act: This is how the new amnesty scheme looks like