Speaking to Reuters on Tuesday, an Indian Finance Ministry official revealed that tax collection figures for the first nine months of fiscal 2002-03 were up 17% on the same period of the previous year.
The unnamed official told the news service that some 1,481.76 billion rupees in tax were collected between April and December 2002, compared with 1,264.44 billion rupees during the first nine months of the 2001-02 financial year.
This figure may well have been boosted by the bumper revenue figures in December, which were swelled by the collection of advance tax payments from many corporate and other income tax assessees. Speaking to the Indian Express last month, a senior Finance Ministry official announced that corporate tax collection figures to December 15 had shown growth of around 20% on the previous year's figures.
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