Mumbai Income Tax department expects to collect Rs2500-crore in Vodafone case

Mumbai Income Tax authorities expect to collect Rs2500 crore on accounts of the ongoing Vodafone case.

The collection would help the department achieve its tax collection target for this fiscal, a department press release said.

Mumbai zone has been given a target of over Rs1,50,000 crore for fiscal year 2011.

"The department expects to be able to collect Rs2500 crore in Vodafone case. The collection would help the department achieve is target of Rs1,50,480 crore for this fiscal," the release said.

The department also said that the advance tax collection in Mumbai was growing at 18%.