According to the Ministry of Finance, during the period of April 2016 to October 2016 direct tax collections in the country stood at 3.77 lakh crore rupees, which means it has seen an increase of 10.6% from the previous year collections in the corresponding period. This also means that 44.5% of the Budget Estimates of direct taxes for the financial year of 2016-17 has been achieved.The...