India is likely to record 5-7 per cent higher direct tax collections than even the revised estimates of Rs 16.5 lakh crore for the current fiscal year ending on March 31. Finance ministry officials say collections are going to exceed expectations by a sizable margin, due to robust advance tax collections. As a result, the center’s fiscal position would be impacted positively. Here is a report by Business Today TV’s Karishma Asoodani.