Centre’s advance taxes up a third to Rs 1 trillion in Q1 The advance tax collections in June quarter stood at Rs 1.01 trillion compared with about Rs 75,783 crore in the… 4 years ago
Net direct tax mop-up rises 45% to over Rs 3.39 lakh cr till mid-June The net direct tax collection of over Rs 3.39 lakh crore includes Corporation Tax (CIT) at over Rs 1.70 lakh… 4 years agoJune 17, 2022
CBDT issues guidelines on TDS applicability on non-salary perquisites According to the guidelines, it is not necessary for the payer/deductor to check the taxability of the sum in the… 4 years agoJune 17, 2022
CBDT tightens curbs on high-pitched tax assessments “This instruction also provides for initiation of suitable administrative action against the officer concerned, in cases where assessments are found… 4 years agoJune 16, 2022
Tax Planning: Four smart ways to save on taxes Plan for your taxes at the beginning of the year. That will give you time to vet the returns on… 4 years agoJune 16, 2022
Steps to calculate advance tax liability for paying the 1st installment by June 15 If there is a change in the tax liability, then the taxpayer can revise the quantum of advance tax in… 4 years agoJune 14, 2022
Tax revenue collection in FY23 expected to be far better than budget estimate: Revenue Secretary Bajaj was speaking at the Iconic Week celebration as part of the ‘Azadi Ka Amrit Mahotsav’, to mark 75 years… 4 years agoJune 9, 2022
States’ tax revenues grew a third in FY22, so did capex The 20 states saw their revenue expenditure rise 12.5% on year in in FY22, lower than the budgeted rate of… 4 years agoMay 29, 2022
Buoyant tax receipts to minimise extra borrowing in FY23: Analysts This may result in an additional tax revenue collection of about Rs 2 trillion over and above the Budget estimates,… 4 years agoMay 23, 2022
Income-Tax dept issues guidelines for selection of tax returns for complete scrutiny The objective of this is to confirm that the taxpayer has not understated the income, computed excessive loss or underpaid… 4 years agoMay 12, 2022
Tax reassessment: Supreme Court sets aside HC orders, revives show-cause notices The SC order would mean that the the change in law can’t be an alibi for taxpayers to escape the… 4 years agoMay 4, 2022
Tax talk: Need clarity on tax on ESOPs of ex-employees Clarity on taxation front begins to turn obscure when ESOPs are exercised and shares allotted, post cessation of employer-employee relationship.… 4 years agoApril 24, 2022
Not just Centre, states also saw jump in FY22 tax revenue Thanks to buoyancy in tax revenues, the Centre released Rs 8.83 trillion to states for FY22 as their share of… 4 years agoApril 17, 2022
Tax talk: Save tax by investing in your child’s name Either of the parents can open a PPF account on behalf of the minor and avail tax exemption under Section… 4 years agoApril 17, 2022
Direct tax collections up nearly 50%, indirect taxes rose by a fifth Direct tax collections grew by a massive 49% on year, and indirect taxes by 20%. 4 years agoApril 8, 2022
Tax devolution to states 19% over FY22RE Thanks to buoyancy in tax revenues, the Centre released 8.83 trillion in devolution to states for FY22, 19% more than… 4 years agoApril 1, 2022
Revenue dept should devise concrete action plan to clear Rs 21 lakh cr tax arrears: Parliamentary panel “Noting the fact that tax arrears have been increasing year on year, the committee would recommend devising a concrete action… 4 years agoMarch 22, 2022
FY23 tax revenue target looks easy: Direct tax receipts exceed revised estimate by Rs 1.1 trillion Lower refunds, better compliance boost revenue 4 years agoMarch 17, 2022
Classic to Clove: ITC leans on cigarette biz as costs rise, competition heats up – Why is cigarette bet paying off?
