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Despite extremely challenging initial months of the fiscal year 2021-22, the Finance Ministry data shows Net direct tax collection in FY22 till September 22, 2021,
Government Becomes a Laughing Stock! Even though the government has extended the due date for individual taxpayers to file an income tax return (ITR) till December 31, it is imposing a 1% interest for each month of delay beyond the original July 31 deadline.
It is good that the government came to its senses. But the audacity of Pranab Mukherjee has done a lot of harm to India Inc. It was a decision that the Modi government should have taken in 2014.
