
A better picture on the trend in direct tax collections will arise based on the advance tax tranche on December…
Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta also said that the Budget for next fiscal could bring about…
Direct tax collection came at Rs 8.98 lakh crore between April 1 to October 8, 2022, 23.8 per cent higher…
CBDT Chairman Nitin Gupta said the income and corporate tax collections were at a record high of Rs 14.09 lakh…
Despite higher refunds, direct tax collections stood at about Rs 4.8 trillion as on August 24 of the current fiscal.
Individual as well as Corporate customers of the bank can pay their Direct Taxes conveniently through the e-pay tax tab…
Lower refunds, better compliance boost revenue
The spurt in tax mop-up is also driven by the formalisation of the economy and greater compliance.
The new financial year has started From April 1, 2021, and with it, rules and announcements made by Finance Minister…
TDS Payment Rules 2021 (Section ‘206AB (I) Explained): The Finance Act 2021 recently cleared by the Parliament has introduced a…
Budget 2021 Income Tax Slabs and Rates, Income Tax Budget 2021 Announcements Updates: Ahead of the Budget presentation, income tax…
When a large number of people find ways to avoid payment of tax, the burden falls on honest people, said…
CBIC-DIN: CBIC will initially use DIN for investigation related matters under the GST and Customs and Excise Duty.
Net direct tax collections jumped by 18 per cent to Rs 43,391 crore during the first two months of the…
The Direct Tax Dispute Resolution Scheme, which seeks to resolve cases pending in various courts, tribunals, arbitrations or are in…
The all-India direct tax collections for fiscal 2016 have fallen short of the revised tax target of Rs7, 52,021 crore…
Revenue Secretary Hasmukh Adhia has sent a terse missive to the Central Board of Direct Taxes (CBDT) chairman Atulesh Jindal…
Alarm bells have rung in the Finance Ministry after net direct tax collections are showing a 35 per cent shortfall…
During April-November, direct taxes which include income tax and corporate tax, grew 12.63 per cent to Rs 3.69 lakh crore.…
Arun Jaitley said, ‘No honest taxpayer has anything to fear. It’s targeted only against those who have stashed assets abroad.’
In a bold attempt to reduce frivolous tax demands, the Income Tax Department has decided to overhaul the annual…
The direct tax collection by the government during 2014-15 fell short of the target by about 14 per cent with…
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