Tag: corporate tax
Taxman recovers Rs 35,500 crore outstanding from April to September
New Delhi: The Central Board of Direct Taxes (CBDT) has recovered ₹35,500 crore of outstanding dues for the April-September period of this financial year, ET…
India’s net direct tax collection rises 15.4 pc to Rs 12.1 lk cr in April-November
India’s net direct tax collection grew 15.4 per cent year on year to Rs 12.1 lakh crore during the period April 1-November 10. Direct taxes…
Revised estimates for direct tax revenues may remain unchanged
The Centre is unlikely to change the budgeted estimate for direct tax collection for this financial year, pegged at ₹22.07 lakh crore in July, when…
India’s net direct tax collections surge 182% in decade
India’s net direct tax collections skyrocketed 182.02% in a decade to Rs 19.60 lakh crore in FY24, from 6.95 lakh crore in FY15, driven by…
direct tax collections: Net direct tax collections rise 18.35 pc to Rs 11.25 lakh crore in April-October
Net direct tax collections rose 18.35 per cent year-on-year to Rs 11.25 lakh crore as on October 11, the government said in a statement. The…
Advance tax collection for H1 swells 22.6% to Rs 4.36 lakh crore
New Delhi: The government’s advance tax collections rose 22.61% to ₹4.36 lakh crore in the first half of the current financial year (April- September 15),…
Angel Tax: Reduction of Corporate Tax, removal of Angel Tax will help promote India-US economic ties: Ex-CEA Subramanian
Reduction of corporate tax in the 2024 Indian Budget and removal of Angel Tax are among the measures that will promote India-US economic engagement, according…
FDI: Simplified FDI, reduced corporate tax rates will greatly enhance capital inflows: Deloitte India
The Budget announcements of simplifying the FDI and overseas investment regulations, along with reduced corporate tax rates, will greatly enhance capital inflows into the country,…
Budget recap: Indian businesses that got a leg-up in 2023
In Budget 2023, Finance minister Nirmala Sitharaman announced a host of key proposals that were seen as important for the prospects of a number of…
Why has India’s corporate tax mop-up failed to match the pace of personal income-tax collection?
Back in 2010-11, India’s corporate tax mop-up was twice its personal income tax (PIT) collection. Now both are almost equal. In the past decade, the…