Tag: direct tax
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…
CBIC asks customs officers to complete inquiry in commercial fraud cases within a year
The CBIC has asked customs field formations to disclose the specific nature of inquiry being undertaken while issuing letters/summons in export/import fraud cases and also…
India collects $22.25 billion in goods and services tax in October
India collected 1.87 trillion rupees ($22.25 billion) in goods and services tax in October, 9% higher than the same period last year, the government said…
Govt should prioritise review of Income Tax Act, get it passed as money bill: SBI Research
New Delhi: SBI Research in a report has advocated for quicker review of the Income Tax Act as announced in Budget 2024-25. The report recommended…
Tax: Number of taxpayers increases 86 pc in last 9 years: CBDT data
The number of taxpayers in the country rose 82 per cent 2014-15 and 2023-24, while direct tax receipts were up 182 per cent in the…
Direct tax mopup rises 294 percent in a decade
New Delhi: India’s personal income tax collection grew at double the pace of corporate tax collections in the last one decade, on account of better…
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…
Income Tax Act: Tax dept invites public suggestions for I-T Act review
The Income Tax department on Monday invited public inputs for review of the six-decade old I-T Act with regard to simplification of language, litigation reduction,…
Fake registration drive: GST officers detect 10,700 bogus firms, over Rs 10k cr evasion
New Delhi: Tax officers have detected around 10,700 fake registrations under the GST, involving evasion of Rs 10,179 crore in the ongoing all-India drive against…