Latest News on Direct Tax Collections
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Direct Tax Collections - Total results - 20
Jan 24, 2020
Direct tax collections likely to drop in current fiscal year, first fall in at least two decades, IT dept receives only Rs 7.3 lakh cr so farIndia’s corporate and income tax collection for the current year is likely to fall for the first time in at least two decades, over half a dozen senior tax officials told Reuters, amid a sharp fall in economic growth and cut in corporate tax rates
Nov 26, 2019
India's economic growth likely to slow further in second half of 2019 on weakness in consumption sector: DBSWeakness in the crucial consumption sector is likely to be extended into the quarter along with tepid private sector activity.
Nov 14, 2019
Govt mops up Rs 6 lakh cr in direct tax collection so far, less than 50% of Rs 13.35 lakh cr target set for current yearThe government has so far mopped up Rs 6 lakh crore or less than 50 percent of the total tax collection target of Rs 13.35 lakh crore for the current fiscal, a senior official said
Jul 10, 2019
Direct tax collection target of Rs 13.35 lakh cr for current financial year is achievable: CBDT chairman PC ModyThe government has re-calibrated and fixed the direct taxes collection target for this financial year at Rs 13.35 lakh crore, a task that the CBDT chief said is difficult but achievable
Apr 09, 2019
Direct tax mop-up may fall short of Rs 50,000 cr in FY'19, says finance ministry officialThe government is estimated to have witnessed a shortfall of Rs 50,000 crore in direct tax collection target of Rs 12 lakh crore for 2018-19, a senior finance ministry official said on Tuesday
Apr 05, 2019
1.07 crore new taxpayers added, dropped filers down at 25.22 lakh in 2017-18: Central Board Of Direct TaxesCBDT said 6.87 crore Income Tax Returns (ITRs) were filed during FY 2017-18 as compared to 5.48 crore ITRs filed during FY 2016-17
Mar 14, 2019
Govt pushes cash-rich IOC, ONGC to pay second interim dividend for this fiscal as revenue shortfall widensAs per regulations, a company cannot declare a second dividend within a month of the previous payout and companies like ONGC would need to seek an approval of SEBI to make such a payment.
Feb 12, 2019
Suspicious income tax refund claims under scanner as numbers rise; I-T returns filings up 37% till January: GovtMinister of State for Finance Shiv Pratap Shukla in a written reply to a question in Rajya Sabha said there has been an increase in detection of suspicious income tax refund claims.
Dec 10, 2018
Direct tax collections surge 15.7% to Rs 6.75 lakh cr in April-November, says finance ministryGross collections in corporate income tax (CIT) and personal income tax (PIT) grew 17.7 percent and 18.3 percent, respectively.
Nov 22, 2018
CAD may narrow to 2.6% of GDP in FY19 on falling crude; direct tax collections likely to be higher: SBI reportTotal receipts for the six months period is Rs 7.09 lakh crore (39 percent of BE) and the total expenditure is estimated at Rs 13.04 lakh crore (53.4 percent of BE).