<p>At the same time, it would lose Rs.53,172 crore worth of taxes for moderating rates after introduction of the code."In DTC we will withdraw all profit-linked tax exemptions but we will continue with all investment-linked tax exemptions," Mitra said on the sidelines of a seminar organised by industry chamber Confederation of Indian Industry (CII).<br /><br />The government loses Rs.80,000 crore every year on account of investment-linked and profit-linked tax exemptions.Mitra said government's indirect tax collection in the first five months of 2010-11 has gone up by 45 percent and the direct tax collection has gone up by 20 percent.The partial withdrawal of stimulus has given boost to indirect tax collection, he added.</p>
<p>At the same time, it would lose Rs.53,172 crore worth of taxes for moderating rates after introduction of the code."In DTC we will withdraw all profit-linked tax exemptions but we will continue with all investment-linked tax exemptions," Mitra said on the sidelines of a seminar organised by industry chamber Confederation of Indian Industry (CII).<br /><br />The government loses Rs.80,000 crore every year on account of investment-linked and profit-linked tax exemptions.Mitra said government's indirect tax collection in the first five months of 2010-11 has gone up by 45 percent and the direct tax collection has gone up by 20 percent.The partial withdrawal of stimulus has given boost to indirect tax collection, he added.</p>