India on target to collect $67 bln direct taxes

India is confident of meeting its revised direct tax collection target of $67 bln for the current fiscal year. The direct tax receipts between April 1, 2008 and March 16 rose by 18 per cent

India is confident of meeting its revised direct tax collection target of 3.45 trillion rupees ($67 billion) for the current fiscal year that ends on March 31, a finance ministry official said on Tuesday.

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"We are confident of meeting the target for 2008/09," the official, who declined to be named, told reporters.

The official said direct tax receipts between April 1, 2008 and March 16 rose 18 per cent from a year ago to 2.96 trillion rupees.

($1 = 51.4 rupees)