Stock markets cannot expect the moon every time: CBDT chairman P C Mody

Despite 40% of the full fiscal year’s collection target falling on the remaining two months of 2019-20, Central Board of Direct Taxes Chairman P C MODY tells Dilasha Seth in a post-Budget interaction that he is optimistic. Edited excerpts:

Although the direct tax collection growth target for the current fiscal has been scaled down to 2.9 per cent, from the earlier 17.3 per cent, isn't it still high, considering that growth is a negative 5-6 per cent so far?

There is a lot of realism in fixation of target. A three per cent rise is definitely achievable. Historically, the last