Latest News on Direct Tax
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Direct Tax - Total results - 33
Mar 15, 2019
Govt banking on advance tax collection to meet direct tax target of Rs 12 lakh crWith fiscal math under pressure due to lower buoyancy in tax collection, the government is eyeing advance tax payment to meet the revised Budget target of Rs 12 lakh crore for the current fiscal
Feb 01, 2019
Direct tax collection exceeds target in FY19, pegged at Rs 13.80 lakh cr in FY20; mop-up from customs crosses targetAs per the 2019-20 Budget estimates, out of the Rs 13.80 lakh crore direct taxes, the government aims to raise Rs 7.60 lakh crore from corporate tax and Rs 6.20 lakh crore from PIT.
Jan 07, 2019
Direct tax mop up rises 14.1% to Rs 8.74 lakh cr during Apr-Dec 2018; net collections increase by 13.6% to Rs 7.43 lakh crThe gross collections for corporate tax is 14.8 per cent while that for personal income tax is 17.2 percent.
Mar 08, 2018
Direct tax collection rises 19.5% to Rs 7.44 lakh cr in April-February period: Finance ministryThe Direct Tax collection has risen 19.5 percent to Rs 7.44 lakh crore in the April-February period of the current fiscal, buoyed by a strong pick up in corporate tax
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
Jul 28, 2017
Govt collected Rs 2,35,308 cr from education, Swachh Bharat, Krishi Kalyan cesses in 2016-17The amount generated from the aforesaid cesses and surcharges under the indirect tax category stood at Rs 1,88,368.58 crore last fiscal.
Apr 07, 2017
Tax evasion of more than Rs 1.37 lakh cr detected in last 3 yearsWarning tax evaders, Revenue Department said the relentless crusade against black money will be further intensified in the coming days.
Apr 04, 2017
Govt's FY17 tax collection at Rs 17.10 lakh cr exceeds estimates; PMGKY garners Rs 2,300 crThe revised estimates (RE) provided in Budget on 1 February had projected tax collections of Rs 16.97 lakh crore.