Direct Tax

India's tax pie gets altered because of pandemic; share of direct taxes drops

India's tax pie gets altered because of pandemic; share of direct taxes drops

The share of indirect taxes, which mainly comprise of levy on goods and services as well as import duty, has risen while that of direct t...Read More

Net direct tax collection in FY21 down 13%

Net direct tax collection in FY21 down 13%

The decline in tax collection has been subdued amid the pandemic. Further, the extension of deadline for filing returns also impacted the...Read More

Gross direct tax dips about 5% in FY20 due to cut in corp tax, increase in personal income tax exemption to Rs 5 lakh

Gross direct tax dips about 5% in FY20 due to cut in corp tax, increase in personal income tax exemption to Rs 5 lakh

The actual gross direct tax collection during 2019-20 fiscal dipped by 4.92 per cent to Rs 12.33 lakh crore on account on reduction in co...Read More

FC head says tax buoyancy short of expectations

FC head says tax buoyancy short of expectations

Calling India's tax reforms incomplete, Singh said that there was a need to bring in the simplified direct tax code and remove the bottle...Read More

CBDT mops up Rs 6 lakh core in direct tax collection so far

CBDT mops up Rs 6 lakh core in direct tax collection so far

Efforts are being made to achieve the target set in the Budget, Central Board of Direct Taxes Chairman P C Mody

Govt reworking strategy to boost revenue collection from Direct Tax: CBDT

Govt reworking strategy to boost revenue collection from Direct Tax: CBDT

The government has set a direct tax collection target of Rs 13.35 lakh crore for the current fiscal, which includes Rs 7.66 lakh crore fr...Read More

Direct Tax Code task force recommends new tax slabs for individuals between Rs 5 lakh and Rs 10

Direct Tax Code task force recommends new tax slabs for individuals between Rs 5 lakh and Rs 10

It has proposed dramatic changes to the Income Tax Act, which dates back 58 years.

Early direct tax code sought to curb black money

Early direct tax code sought to curb black money

In its preliminary report tabled in Parliament on Monday on the unaccounted income/wealth both inside and outside the country.

Government may miss direct tax collection target

Government may miss direct tax collection target

New Delhi: The government may miss the revised direct tax collections target of Rs 12 lakh crore for the current financial year ending Ma...Read More

Direct tax kitty pegged at Rs 13.8 lakh-crore

Direct tax kitty pegged at Rs 13.8 lakh-crore

New Delhi: Direct tax collection for current fiscal exceeded the budgeted target by Rs 50,000 crore to Rs 12 lakh crore, while FY20 fisca...Read More

Direct tax increase by 14 perecnt to Rs 8.74 lakh crore

Direct tax increase by 14 perecnt to Rs 8.74 lakh crore

New Delhi: Direct tax grew 14.1 per cent to Rs 8.74 lakh crore during April-December 2018, Finance Ministry said on Monday. Refunds amoun...Read More

Direct tax collections grows 16.7% to Rs 5.47 lakh crore in April-September

Direct tax collections grows 16.7% to Rs 5.47 lakh crore in April-September

New Delhi: Gross direct tax collection in the first six months of the financial year grew 16.7 per cent to Rs 5.47 lakh crore, Finance Mi...Read More

Union Budget and vulnerable ones

Union Budget and vulnerable ones

Powerful economic agents always get their voice heard while the Union Budget process is underway. Unfortunately, the articulation by the ...Read More

FM promises investors ‘fairest, predictable’ tax regime

FM promises investors ‘fairest, predictable’ tax regime

New Delhi: Finance Minister Arun Jaitley today assured global investors of the “fairest and predictable taxation regime” as he invited th...Read More

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