Page 3 of Direct Tax

An employee counts currency notes at a cash counter inside a bank in Agartala, India (Image/Reuters)

CBDT says 56 lakh updated ITRs filed, Rs 4,600 cr taxes mopped up in 2 years

The Interim Budget 2024-25 has announced withdrawal of outstanding small tax demands, some even dating back to 1962, of up…

February 2, 2024 12:17 IST

SBI Life, SBI Life Insurance, Q3 results, profit, new business, new policies, margins, ULIPs, insurance industry

Direct Tax Collections – At an All-Time High!

The collections so far stand at their highest level of Rs 13.70 lakh crore, which is 20.7% higher than the…

January 24, 2024 14:15 IST

direct tax, personal income tax, taxes, indirect taxes, opinion

Stellar show

Going by the current trends, the BE for PIT of Rs 9 trillion is sure to be exceeded. While the…

January 22, 2024 03:45 IST

Budget 2024 expectations: Can taxpayers expect any reprieve in tax rates, business friendly tax climate?

With the union government all set to present the interim Budget for the fiscal year 2024-25 on February 1, 2024,…

Updated: January 16, 2024 17:41 IST

Ministry of Finance, Income tax in India, Income Tax Department, Union budget of India, Public Finance Activities, Direct Taxes

Direct tax collections rise 16 per cent to Rs 6.53 lakh crore so far this fiscal

The collection is 32.03 per cent of the total budget estimates of direct taxes for current fiscal 2023-24.

August 11, 2023 16:59 IST

direct tax, tax collection, gross collections, budget estimates, refunds, corporate taxes, income

India’s net direct tax collection grows 15.87% to Rs 4.75 lakh crore so far this FY

According to the provisional figures shared by the Finance Ministry, gross collections are at Rs 5.17 lakh crore which is…

July 10, 2023 20:22 IST

Rise in net direct tax collection till June 17 by 11% shows continuing economic, GDP growth, say experts

Rise in net direct tax collection bodes well for India and reflects continuing GDP growth and enhanced economic activity in…

June 22, 2023 12:23 IST

income tax department, Tax collection, Net direct tax collections, direct tax collection, FY23, financial express

Net direct tax collection rises 11 per cent to Rs 3.80 lakh crore till June 17

On a gross basis, before adjusting refunds, the collection stood at Rs 4.19 lakh crore, a 12.73 per cent growth…

June 18, 2023 20:33 IST

FY23 direct tax collections marginally overshoot RE

The gross collections of direct taxes (before adjusting for refunds) for 2022-23 was Rs 19.68 trillion, registering a 20.33% growth…

April 4, 2023 06:10 IST

Direct tax collection, economy, income tax

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

Net direct tax, direct tax collection, tax, direct tax, direct tax September data, cbdt

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

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Platinum jewellery imports restricted

Business2 hr ago

Indian government restricts imports of platinum jewellery from countries like Thailand, who are part of the ASEAN with which India has a free trade agreement. This is to prevent importers from exploiting duty differentials and circumventing tariffs by declaring items as platinum alloys.

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