COVID-19 Fallout: Direct tax receipts decline after 20 years

The sluggish receipts also imply a fall in direct tax buoyancy to a multi-year low of (-)1 in FY20, a sharp slide from a creditable 1.6 in FY18 (thanks to demonetisation) and 1.2 in FY19.

from The Financial Express https://ift.tt/2UNLs99