Corporate Income-tax

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Corporate Income-tax - Total results - 10
Corporate tax for companies over Rs 400 cr to be cut gradually to 25%, says Nirmala Sitharaman
Business

Corporate tax for companies over Rs 400 cr to be cut gradually to 25%, says Nirmala Sitharaman

In her maiden Budget last month, Nirmala Sitharaman had cut corporate tax for companies with annual turnover of up to Rs 400 crore to 25%

Union Budget 2019: It’s time to move towards parity between banks and NBFCs; gold loan should be given priority sector status
Business

Union Budget 2019: It’s time to move towards parity between banks and NBFCs; gold loan should be given priority sector status

By keeping the NBFCs out of the purview of Section 43D, our tax laws are subjecting the NBFCs to discriminatory treatment as compared to other financial institutions.

Direct tax-GDP ratio of 5.98% during FY18 best in a decade; returns filings up 80% in last four years: Finance ministry
Business

Direct tax-GDP ratio of 5.98% during FY18 best in a decade; returns filings up 80% in last four years: Finance ministry

Growth rate for corporate income tax and personal income tax stood at 17.7 percent and 18.3 percent, respectively.

Direct tax collections surge 15.7% to Rs 6.75 lakh cr in April-November, says finance ministry
Business

Direct tax collections surge 15.7% to Rs 6.75 lakh cr in April-November, says finance ministry

Gross collections in corporate income tax (CIT) and personal income tax (PIT) grew 17.7 percent and 18.3 percent, respectively.

Direct tax collections rise 18.2% to Rs 6.56 lakh crore during April-December of current fiscal
Business

Direct tax collections rise 18.2% to Rs 6.56 lakh crore during April-December of current fiscal

Direct tax collections soared 18.2 percent during the first nine months of current fiscal at Rs 6.56 lakh crore, the finance ministry said

Tax to GDP ratio: Personal income tax comes to Narendra Modi govt's rescue as corporate tax falls
Business

Tax to GDP ratio: Personal income tax comes to Narendra Modi govt's rescue as corporate tax falls

Corporate income tax has fallen from a peak of 3.88 percent of GDP in 2007-2008 to 3.19 percent in 2016-2017

Direct tax collections jump 16% to Rs 3.86 lakh cr in Apr-Sep: Finance ministry
Business

Direct tax collections jump 16% to Rs 3.86 lakh cr in Apr-Sep: Finance ministry

The 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

Net direct tax collection rises 14.8% to Rs 1.42 lakh cr in Q1, 5.2% drop in refunds
Business

Net direct tax collection rises 14.8% to Rs 1.42 lakh cr in Q1, 5.2% drop in refunds

The net direct tax collection represents 14.5 percent of the total Budget Estimates of direct taxes (Rs 9.8 lakh crore) for 2017-18,

Indirect tax revenue grows 24% in Apr-Jan; direct tax up 10.79%
Business

Indirect tax revenue grows 24% in Apr-Jan; direct tax up 10.79%

Belying fears of slowdown due to demonetisation, indirect tax collection grew at a decent 16.9 percent in January buoyed mainly by excise, reflecting an uptick in manufacturing.

Direct tax collections till September grow 9% to Rs 3.27 lakh crore
Business

Direct tax collections till September grow 9% to Rs 3.27 lakh crore

Direct tax collections during the six months ended September grew about 9 percent to Rs 3.27 lakh crore, buoyed mainly by personal income tax mop-up.