India's advance tax revenue registered a growth of 19% in the first quarter of this fiscal year to Rs 31,262 crore (USD 6.96 billion), local newspapers reported on Sunday, citing Central Board of Direct Taxes Chairman Prakash Chandra.
The advance tax collection in the same period last year was Rs 26,293 crore, Chandra was quoted as saying by newspapers Business Standard and Economic Times.
The Economic Times had reported on Saturday, citing an unnamed finance ministry official, the country's advance tax revenue grew 76.8% in the April-June quarter to Rs 30,399 crore.
The growth of 76.8% shown earlier was due to a technical problem in the tax accounting system, tax officials were citied as saying by the newspapers on Sunday.
Asia's third-largest economy is set to grow around 8% this fiscal year, faster than any major economy except China.
However, worrying economic trends, from accelerating inflation to declining foreign investment, have suggested the shine may be coming off India's blistering growth story.
(USD 1 = Rs 44.9)
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