Govt should eye better collections than raising taxes for funds: Survey
By IANS |
Published on
Wed, Jan 27 2021 17:18 IST |
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Tax. (IANS Infographics). Image Source: IANS News
New Delhi, Jan 27 : A fund-starved government will be better off looking at increased collections fuelled by an economic recovery and improved technology driven enforcement rather than through the introduction of new taxes, a KPMG survey showed on Wednesday.
According to the pre-budget survey 2021-22, only 2 per cent of the respondents feel that raising taxes would be the solution to mobilise additional revenue for the government that sees an increase in its expenditure due to the pandemic.
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PNB Housing Finance Dec Qtr Net Profit Nearly Flat At Rs 232cr
Total revenue during October-December fell by 9 per cent to Rs 1,896 crore from Rs 2,075 crore in the year-ago period
Photo Credit : Reuters
PNB Housing Finance on Wednesday reported a nearly flat consolidated net profit at Rs 232 crore in the third quarter ended December.
The non-banking finance company (NBFC) had posted a net profit of Rs 237 crore in the same quarter of the previous fiscal.
Total revenue during October-December fell by 9 per cent to Rs 1,896 crore from Rs 2,075 crore in the year-ago period, PNB Housing Finance said in a release.
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