Direct Tax

Direct Tax News

Direct tax collections up 24.3% in April-Nov, despite high refunds

A better picture on the trend in direct tax collections will arise based on the advance tax tranche on December…

December 13, 2022 00:15 IST

Direct tax mop-up to exceed budget target by 25-30 pc: CBDT chief

Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta also said that the Budget for next fiscal could bring about…

November 15, 2022 18:02 IST

Gross direct tax revenue jumps 24 pc to Rs 8.98 lakh cr; net collections cross 52 pc of budget target

Direct tax collection came at Rs 8.98 lakh crore between April 1 to October 8, 2022, 23.8 per cent higher…

Updated: October 9, 2022 15:46 IST

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Net direct tax mop up rises 23% to Rs 7.04 lakh crore so far this fiscal

CBDT Chairman Nitin Gupta said the income and corporate tax collections were at a record high of Rs 14.09 lakh…

Updated: September 27, 2022 19:48 IST

Direct tax collections rise 33% till August 24

Despite higher refunds, direct tax collections stood at about Rs 4.8 trillion as on August 24 of the current fiscal.

August 26, 2022 07:12 IST

Now, pay direct taxes online via Kotak Mahindra Bank net banking or by visiting branch

Individual as well as Corporate customers of the bank can pay their Direct Taxes conveniently through the e-pay tax tab…

July 15, 2022 15:49 IST

With the robust mop-up, the government could appropriate a sum marginally higher than it could have got from Life Insurance Corporation's initial public offering, which has now been postponed to the next fiscal year.

FY23 tax revenue target looks easy: Direct tax receipts exceed revised estimate by Rs 1.1 trillion

Lower refunds, better compliance boost revenue

March 18, 2022 04:30 IST

Direct tax receipts touch Rs 11 lakh crore; FY22 mop-up to exceed RE by Rs 50,000 crore

The spurt in tax mop-up is also driven by the formalisation of the economy and greater compliance.

February 22, 2022 03:15 IST

Key Budget proposals effective from new fiscal 2021-22: Income tax rules, dividend relief, privatisation, more

The new financial year has started From April 1, 2021, and with it, rules and announcements made by Finance Minister…

April 2, 2021 13:16 IST

New TDS rule 2021 for non filers explained.

TDS Calculation: Rs 1 lakh Tax Deducted At Source on Rs 20 lakh cash payment to non-filers – New rule explained

TDS Payment Rules 2021 (Section ‘206AB (I) Explained): The Finance Act 2021 recently cleared by the Parliament has introduced a…

Updated: March 30, 2021 14:03 IST

No Change in Income Tax Slab, Budget 2021 Income Tax Slabs and Rates Union Budget 2021 Income Tax Slabs Live Updates

Income Tax Budget 2021 Highlights: What Budget says for home buyers, EPF, ULIP, NRIs, Senior Citizens

Budget 2021 Income Tax Slabs and Rates, Income Tax Budget 2021 Announcements Updates: Ahead of the Budget presentation, income tax…

Updated: February 3, 2021 09:25 IST

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Modi’s warning to tax evaders: No more ‘gaming’ of tax system; here’s how govt will make you pay up

When a large number of people find ways to avoid payment of tax, the burden falls on honest people, said…

Updated: February 13, 2020 18:09 IST

GST, Excise & Customs Duty Taxpayers! Here’s how you can check authenticity of tax notice

CBIC-DIN: CBIC will initially use DIN for investigation related matters under the GST and Customs and Excise Duty.

November 8, 2019 20:04 IST

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Direct tax collection jumps 18% to Rs 43,391 cr in Apr-May

Net direct tax collections jumped by 18 per cent to Rs 43,391 crore during the first two months of the…

June 10, 2016 19:12 IST

Tax dispute resolution scheme to take effect from tomorrow

The Direct Tax Dispute Resolution Scheme, which seeks to resolve cases pending in various courts, tribunals, arbitrations or are in…

May 31, 2016 13:38 IST

FY16 direct tax mop-up misses target by over Rs 18,000 cr

The all-India direct tax collections for fiscal 2016 have fallen short of the revised tax target of Rs7, 52,021 crore…

May 5, 2016 11:46 IST

Direct tax mop-up: Explain shortfall, asks Hasmukh Adhia to CBDT

Revenue Secretary Hasmukh Adhia has sent a terse missive to the Central Board of Direct Taxes (CBDT) chairman Atulesh Jindal…

March 31, 2016 07:13 IST

Finmin alarmed at low IT collections; asks taxman to act quick

Alarm bells have rung in the Finance Ministry after net direct tax collections are showing a 35 per cent shortfall…

February 6, 2016 00:11 IST

Direct tax mop up shortfall to be Rs 40K cr this fiscal: Hasmukh Adhia

During April-November, direct taxes which include income tax and corporate tax, grew 12.63 per cent to Rs 3.69 lakh crore.…

December 15, 2015 22:10 IST

Squeeze parallel economy in a fair manner: FM Arun Jaitley to taxmen

Arun Jaitley said, ‘No honest taxpayer has anything to fear. It’s targeted only against those who have stashed assets abroad.’

Updated: May 25, 2015 14:31 IST

Unrealistic tax demands not to fetch good ratings for officers

In a bold attempt to reduce frivolous tax demands, the Income Tax Department has decided to overhaul the annual…

Updated: May 25, 2015 10:16 IST

Direct tax collection in 2014-15, 14% short of target

The direct tax collection by the government during 2014-15 fell short of the target by about 14 per cent with…

May 3, 2015 19:32 IST

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