Union Budget 2015 16

Will Jaitley bring back banking cash transaction tax ? Don't bet on it.

The Parthasarathi Shome panel on tax administration has called for the reinstatement of the fringe benefits tax and the banking cash transaction tax. Neither is likely to happen

April-November direct tax collection rises 5.7%

The government's direct tax collections during April-November of this fiscal rose 5.67 percent to Rs 3.29 lakh crore over the same period a year ago.