CBDT questioned for dip in direct tax collection
Revenue Secretary Hasmukh Adhia, in a letter to the Central Board of Direct Taxes (CBDT), has sought an explanation for a likely shortfall in the direct tax collections in 2015-16. This comes after Arun Jaitley, in the Union Budget 2016, reduced the direct tax collection estimate for the fiscal ending March 31 by ₹45,974 crore to ₹7.5 lakh crore.