Analysing new revenue information

There is new revenue data available that is revealing in terms of revenue trends and, therefore, worth analysing (Time Series Data 2000-01 to 2017-18, Income Tax Department).To begin, on the statistics itself, the 2017-18 numbers are provisional and estimates for 2016-17 are the first revised estimates with base year 2011-12. From 2014-15, the GDP base year used is 2011-12. The GDP series for 2004-05 to 2013-14 used 2004-05 as base year. These are clubbed together. Though the impact on buoyancy calculations may not be high, consistency is warranted (see my column dated June 5, 2016). Buo.....

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