India aims to up tax target, phase exemptions-finminNEW DELHI, Aug 11 (Reuters) - India will aim at a higher direct tax receipts target of 4 trillion rupees ($83 billion) from the budget estimate of 3.7 trillion rupees in the year to March 2010, the finance minister said on Tuesday.He told tax officials at a conference that tax rates should remain moderate and exemptions should be gradually phased out.'Given the likely impact on government finances due to unanticipated drought, I will like to suggest a further upward revision in the direct tax collection target,' he said.($1=48 rupees)(Reporting by Rajkumar Ray)((rajkumar.ray@thomsonreuters.com; +91-11-4178-1006; Reuters Messaging: rajkumar.ray.reuters.com@reuters.net)) Keywords: INDIA ECONOMY/FINMIN(If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)COPYRIGHTCopyright Thomson Reuters 2009. All rights reserved.The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
