Latest News on Direct tax
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Direct tax - Total results - 102
Oct 18, 2017
Income Tax Department launches its online chat service to answer tax-related queries from taxpayersLast year, the Income Tax department had set up a new dedicated directorate within its establishment to monitor and resolve grievances of tax payers.
Oct 11, 2017
Direct tax collections jump 16% to Rs 3.86 lakh cr in Apr-Sep: Finance ministryThe net direct tax collections constitute 39.4 percent of the total budget estimate of direct taxes at Rs 9.8 lakh crore for the current fiscal
Oct 09, 2017
Supreme Court rules out setting up separate SIT to probe Indians in the Panama papers leak matterThe Supreme Court ruled out setting up of a separate Special Investigation Team (SIT) to probe the alleged revelation of offshore accounts of Indians in Panama papers leak
Oct 02, 2017
GST: Arun Jaitley sees scope for lesser slabs, bigger reforms once revenue picks upCurrently, the GST regime slots items under rates of 5, 12, 18 and 28 percent. An additional GST compensation cess is also levied on certain products.
Sep 12, 2017
Direct tax collection grows 17.5% to Rs 2.24 lakh crore in Apr-Aug boosted by personal tax mop-upThe government estimates to collect Rs 9.80 lakh crore from direct taxes in the current fiscal.
Sep 01, 2017
Prime Minister Narendra Modi asks taxmen to be friendly to honest taxpayersPrime Minister Narendra Modi asked them to ensure that the benefits of the biggest tax reform since independence, GST, reach the common man by way of reduced prices
Aug 23, 2017
CBDT head says tax information from countries pouring in, firms can't escape anymoreInternational taxation is an issue which is not fully qualified in any country. Now more countries are asking their share in taxation
Aug 13, 2017
Over 9.3 crore PANs linked with Aadhaar; tally expected to grow as CBDT extends last day for linkageMore than 9.3 crore Permanent Account Numbers (PAN) have been linked with Aadhaar, a senior Income Tax Department official said
Aug 10, 2017
Direct tax revenue kitty grows 19% in Apr-July to Rs 1.90 lakh crore, says finance ministryIn 2016-17, the government collected over Rs 8.49 lakh crore in direct taxes, 14.5 percent higher than the previous year.
Aug 08, 2017
Income tax returns filing for 2016-17 grows 25%, govt claims it is demonetisation impactThe growth in ITRs filed by individuals is 25.3 percent with over 2.79 crore returns having been received up to 5 August as against over 2.22 crore returns filed in the corresponding period last fiscal.