Tag: tax
ITR deadline: Has income tax return deadline for audit cases been extended?
The Income Tax Department has not extended the November 15, 2024 deadline for filing income tax returns (ITR) by taxpayers subject to audit 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…
Number of income tax payers with over ₹1 crore of taxable income rises five times in ten years
The number of taxpayers with more than ₹1 crore of taxable income rose by more than five times to just under 2.3 lakh in the…
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…
China moves to tax the ultra-rich for overseas investment gains
China has begun enforcing a long-overlooked tax on overseas investment gains by the country’s ultra-rich, according to people familiar with the matter. Wealthy Chinese are…
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…
Govt releases advance instalment of Rs 1.78 lk cr for state govts amid festive season
The Union Government on Thursday released tax devolution of Rs 1,78,173 crore to State Governments, as against the normal monthly devolution of Rs 89,086.50 crore….
Vivad se Vishwas 2.0: CBDT notifies date for direct tax dispute resolution
The Central Board of Direct Taxes (CBDT) Saturday notified the rules and forms for the taxpayers to avail Vivad se Vishwas 2.0 scheme paving the…
GST 2.0: Paving the way for India’s trade and economic growth
The Economic Survey 2023-24 highlights the crucial role of indirect taxes in India’s economic framework. In FY24, gross GST collections soared to Rs 20.18 trillion,…
tax: Loss-making MNCs liable to pay tax on India setup
Multinational companies (MNCs) using various outfits in India or engaging people to promote, operate and grow their businesses from the Indian market will have to…