Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | Slowdown: Direct tax collections now a crawl, shrink Govt&#039;s space to cut GST -Aanchal Magazine    </title>
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-The Indian Express

Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore &mdash; against year&rsquo;s target 17.3%. This below-than-expected growth in direct tax collections will muddy the government&rsquo;s fiscal math 

The impact of a..."/>
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-The Indian Express

Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore &mdash; against year&rsquo;s target 17.3%. This below-than-expected growth in direct tax collections will muddy the government&rsquo;s fiscal math 

The impact of a..." />
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                            <div align="justify">-The Indian Express<br /><br /><em>Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore &mdash; against year&rsquo;s target 17.3%. This below-than-expected growth in direct tax collections will muddy the government&rsquo;s fiscal math <br /></em><br />The impact of a slowing economy is showing up in government revenues with net direct tax collections in the first five-and-a-half months of 2019-20 making up just a third of the full-year target.<br /><br />Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore, suggesting the government would have to raise more than double this amount over the next six-and-a-half months to meet the Budget estimate of Rs 13.35 lakh crore. For the full year, the Budget has targeted net direct taxes to grow 17.3%.<br /><br />September 15 is a crucial deadline for direct tax collections as it marks the second &mdash; of a total four &mdash; instalments for advance tax payment and by when, companies are required to pay 45% of their tax liability. Companies pay 30% and 25% of their liability in the next two installments due December 15 and March 15 respectively.<br /><br />The slowdown has translated into single-digit growth of 6% in advance tax collection up to September 15, as against 18% during the corresponding period last year. &ldquo;Clearly, the slowdown in growth has started to reflect in tax collections,&rdquo; an official, who did not wish to be named, told The Indian Express.<br /><br />This below-than-expected growth in direct tax collections will also muddy the government&rsquo;s fiscal math and pose a challenge in meeting its fiscal deficit target of 3.3% of the GDP. With refunds at Rs 1 lakh crore during the period, which is only 4% higher, gross direct tax collections have also risen by just 5.5% in the first five-and-a-half months.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/slowdown-direct-tax-collections-now-a-crawl-shrink-govts-space-to-cut-gst-6008045/" title="https://indianexpress.com/article/business/economy/slowdown-direct-tax-collections-now-a-crawl-shrink-govts-space-to-cut-gst-6008045/">click here</a> to read more. <br /><br /></div>                                                           
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    <h1 class="cat-box-title">Slowdown: Direct tax collections now a crawl, shrink Govt&#039;s space to cut GST -Aanchal Magazine</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore &mdash; against year&rsquo;s target 17.3%. This below-than-expected growth in direct tax collections will muddy the government&rsquo;s fiscal math <br /></em><br />The impact of a slowing economy is showing up in government revenues with net direct tax collections in the first five-and-a-half months of 2019-20 making up just a third of the full-year target.<br /><br />Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore, suggesting the government would have to raise more than double this amount over the next six-and-a-half months to meet the Budget estimate of Rs 13.35 lakh crore. For the full year, the Budget has targeted net direct taxes to grow 17.3%.<br /><br />September 15 is a crucial deadline for direct tax collections as it marks the second &mdash; of a total four &mdash; instalments for advance tax payment and by when, companies are required to pay 45% of their tax liability. Companies pay 30% and 25% of their liability in the next two installments due December 15 and March 15 respectively.<br /><br />The slowdown has translated into single-digit growth of 6% in advance tax collection up to September 15, as against 18% during the corresponding period last year. &ldquo;Clearly, the slowdown in growth has started to reflect in tax collections,&rdquo; an official, who did not wish to be named, told The Indian Express.<br /><br />This below-than-expected growth in direct tax collections will also muddy the government&rsquo;s fiscal math and pose a challenge in meeting its fiscal deficit target of 3.3% of the GDP. With refunds at Rs 1 lakh crore during the period, which is only 4% higher, gross direct tax collections have also risen by just 5.5% in the first five-and-a-half months.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/slowdown-direct-tax-collections-now-a-crawl-shrink-govts-space-to-cut-gst-6008045/" title="https://indianexpress.com/article/business/economy/slowdown-direct-tax-collections-now-a-crawl-shrink-govts-space-to-cut-gst-6008045/">click here</a> to read more. <br /><br /></div>                                                           
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-The Indian Express

Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore &mdash; against year&rsquo;s target 17.3%. This below-than-expected growth in direct tax collections will muddy the government&rsquo;s fiscal math 

The impact of a..."/>
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-The Indian Express

Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore &mdash; against year&rsquo;s target 17.3%. This below-than-expected growth in direct tax collections will muddy the government&rsquo;s fiscal math 

The impact of a..." />
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    <h1 class="cat-box-title">Slowdown: Direct tax collections now a crawl, shrink Govt&#039;s space to cut GST -Aanchal Magazine</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore &mdash; against year&rsquo;s target 17.3%. This below-than-expected growth in direct tax collections will muddy the government&rsquo;s fiscal math <br /></em><br />The impact of a slowing economy is showing up in government revenues with net direct tax collections in the first five-and-a-half months of 2019-20 making up just a third of the full-year target.<br /><br />Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore, suggesting the government would have to raise more than double this amount over the next six-and-a-half months to meet the Budget estimate of Rs 13.35 lakh crore. For the full year, the Budget has targeted net direct taxes to grow 17.3%.<br /><br />September 15 is a crucial deadline for direct tax collections as it marks the second &mdash; of a total four &mdash; instalments for advance tax payment and by when, companies are required to pay 45% of their tax liability. Companies pay 30% and 25% of their liability in the next two installments due December 15 and March 15 respectively.<br /><br />The slowdown has translated into single-digit growth of 6% in advance tax collection up to September 15, as against 18% during the corresponding period last year. &ldquo;Clearly, the slowdown in growth has started to reflect in tax collections,&rdquo; an official, who did not wish to be named, told The Indian Express.<br /><br />This below-than-expected growth in direct tax collections will also muddy the government&rsquo;s fiscal math and pose a challenge in meeting its fiscal deficit target of 3.3% of the GDP. With refunds at Rs 1 lakh crore during the period, which is only 4% higher, gross direct tax collections have also risen by just 5.5% in the first five-and-a-half months.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/slowdown-direct-tax-collections-now-a-crawl-shrink-govts-space-to-cut-gst-6008045/" title="https://indianexpress.com/article/business/economy/slowdown-direct-tax-collections-now-a-crawl-shrink-govts-space-to-cut-gst-6008045/">click here</a> to read more. <br /><br /></div>                                                           
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Slowdown: Direct tax collections now a crawl, shrink Govt's space to cut GST -Aanchal Magazine

Published on Sep 19, 2019   Modified on Sep 19, 2019

-The Indian Express Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore — against year’s target 17.3%. This below-than-expected growth in direct tax collections will muddy the government’s fiscal math The impact of a slowing economy is showing up in government revenues with net direct tax collections in the first five-and-a-half months of 2019-20 making up just a third of the full-year target. Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore, suggesting the government would have to raise more than double this amount over the next six-and-a-half months to meet the Budget estimate of Rs 13.35 lakh crore. For the full year, the Budget has targeted net direct taxes to grow 17.3%. September 15 is a crucial deadline for direct tax collections as it marks the second — of a total four — instalments for advance tax payment and by when, companies are required to pay 45% of their tax liability. Companies pay 30% and 25% of their liability in the next two installments due December 15 and March 15 respectively. The slowdown has translated into single-digit growth of 6% in advance tax collection up to September 15, as against 18% during the corresponding period last year. “Clearly, the slowdown in growth has started to reflect in tax collections,” an official, who did not wish to be named, told The Indian Express. This below-than-expected growth in direct tax collections will also muddy the government’s fiscal math and pose a challenge in meeting its fiscal deficit target of 3.3% of the GDP. With refunds at Rs 1 lakh crore during the period, which is only 4% higher, gross direct tax collections have also risen by just 5.5% in the first five-and-a-half months. Please click here to read more.

The Indian Express, 19 September, 2019, https://indianexpress.com/article/business/economy/slowdown-direct-tax-collections-now-a-crawl-shrink-govts-space-to-cut-gst-6008045/

Tagged with: Direct Tax Collection Economic Slowdown Economic Downturn

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