Edit this postAdvance tax is an important indicator to arrive at the growth factor in India and we should feel happy that advance tax collection from top 100 corporates during the July -
September quarter was up by 9.9% as compared to corresponding period of the last financial year, well short of the 31% increase in direct tax projected by the government for the whole year.
However not to worry as December quarter results is alos going to be rosy due to festival season when people go out for purchases especially during the Navratra season which is commencing wef 26 Sep. People prefer to postpone their purchases during the shradh period as this period is considered as inauspicious as per Hindu mythology.
