Latest News on Direct Taxes
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Direct Taxes - Total results - 40
Jul 05, 2019
Budget 2019: How to understand direct tax and indirect tax betterindirect tax is collected by one entity in the supply chain and paid to the government
Jul 04, 2019
Economic Survey 2018-19: Gross tax to GDP ratio dips to 10.9% in FY19 on shortfall in indirect tax revenuesThe gross tax to GDP ratio declined to 10.9 percent in 2018-19 as indirect tax revenues fell short of budget estimates by about 16 percent, due to shortfall in Goods and Services Tax (GST) mop up, the Economic Survey said
Jun 19, 2019
Union Budget 2019: Direct taxes form about 50% of govt's revenue; help curb inflation, maintain socio-economic balanceDirect taxes are considered to be very productive, the reason being, as the working population and community grow, so do the returns from direct taxation.
Jun 12, 2019
Union Budget 2019: Will Nirmala Sitharaman be able to stick to fiscal deficit target in her new role as finance ministerThe interim Budget presented in February this year had revised upward the fiscal deficit target to 3.4 percent from 3.3 percent of the GDP estimated earlier for 2018-19.
Apr 05, 2019
Govt close to meeting fiscal deficit target of 3.4%; some numbers are still to come, says SC GargThe government in the interim Budget in February revised upward the fiscal deficit target to 3.4 percent from 3.3 percent of GDP
Mar 19, 2019
Net direct tax collection crosses Rs 10 lakh cr mark; govt confident of achieving Rs 12 lakh cr target for fiscal of 2019The net direct tax collection figure has crossed the Rs 10 lakh crore mark as on 16 March, helped by the fourth and final installment of tax payment
Mar 08, 2019
Govt will meet fiscal deficit target of 3.4% in FY'19, says Economic Affairs Secretary Subhash Chandra GargEconomic Affairs Secretary Subhash Chandra Garg on Friday exuded confidence that fiscal deficit target of 3.4 percent for 2018-19 would be met as a shortfall in indirect tax collection would be compensated by lower expenditure
Feb 07, 2019
Union Cabinet approves abolition of Ombudsman for direct, indirect taxes; people prefer online redressal mechanismThe institution of Income Tax Ombudsman was set up in 2003 to deal with grievances of public related to settlement of complaints relating to income tax.
Jan 21, 2019
Budget 2019: PHD Chamber expects reforms in farm sector, rationalisation of direct taxes; says bold steps essential to boost investmentConsistent indirect tax revenue growth along with reduction in GST rates by the government indicates that the tax base is widening and economic activity is rapidly expanding in India, it said.
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.