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Centre releases Rs 1.09 lakh crore advance tax share to states
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The Union Government released an advance tax devolution of Rs 1,09,019 crore to states on August 1.
The release is ahead of the scheduled August 10 transfer and aims to strengthen state finances.
The move is intended to accelerate capital and developmental expenditure by states.
Uttar Pradesh is the top recipient of the funds.
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Rajeev Chandrasekhar / Jupiter Capital interests historically