Latest News on Direct Tax
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Direct Tax - Total results - 30
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.
Mar 10, 2017
Indirect tax revenue grows 22% in Apr-Feb; direct tax up 10.7%The total direct tax of Rs 6.17 lakh crore and indirect tax mop-up was Rs 7.72 lakh crore, led by robust collections in personal income tax and excise duty, respectively.
Feb 04, 2017
Union Budget 2017: Did Jaitley just prove his critics right on corporate tax exemptions?A simple and straightforward direct tax code with minimum exemptions (if any, at all) would go a long way to ending disputes and reducing revenue loss. Will Jaitley make a start on this in the coming year?
Jan 27, 2017
Budget 2017: FM may cut taxes, lack of indirect-tax data may make it toughJaitley may in his February 1 Budget propose some changes in indirect tax rates on some products and services till such time that the GST takes over