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direct taxes
DIRECT TAXES NEWS
Putin signs bill increasing income taxes for wealthy in Russia
July 13, 2024 2:25 am
The legislation, which envisages a progressive tax on personal income, is a major change from the flat-rate tax that was widely credited with improving revenue collections after it was introduced in 2001.
Direct tax collections grow nearly 20% to Rs 18.90 lakh crore till March 17 on higher advance tax mop-up
March 20, 2024 9:58 am
With this, the government has achieved over 97 per cent of its direct tax target set in its revised estimates for this financial year. In the revised estimates for 2023-24, the government had pegged direct tax receipts at Rs 19.45 lakh crore.
Direct tax collections at Rs 9.45 lakh crore in FY21, exceeds revised estimates: FinMin
April 09, 2021 1:13 pm
Direct Tax collection: The net direct tax collections include Corporation Tax (CIT) at Rs 4.57 lakh crore and Personal Income Tax (PIT) including Security Transaction Tax (STT) at Rs 4.88 lakh crore.
Good steps on tax
August 14, 2020 10:46 am
Faceless assessment and appeal, random allocation of cases, anonymity — these can help reduce taxpayer harassment.
India faces first fall in direct taxes in at least two decades
January 24, 2020 4:14 pm
The tax department had managed to collect only 7.3 trillion rupees as of Jan. 23, more than 5.5% below the amount collected by the same point last year, said a senior tax official.
FY19 I-T return filing due date extended till August 31
July 24, 2019 4:26 am
The new rule of mandatory filing of I-T return by July 31 for these category of taxpayers had kicked in last year.
CBDT to field officials: Check bank, property details during assessment
June 08, 2015 6:27 am
The tax officials have also been asked to give due attention to writing off the arrears by identifying tax demand that can’t be collected
I-T dept releases list of 18 defaulters who owe Rs500 crore
March 27, 2015 1:46 am
The department has tried to “name and shame the defaulters into paying the dues”, a source said. The CBDT has asked the defaulters to pay tax arrears immediately.
CBDT notifies rules for roll back provisions under transfer pricing pacts
March 17, 2015 1:43 am
The rules will, however, not apply if the matter is the subject of appeal before the income tax appellate tribunal (ITAT) or if any other tribunal has passed an order disposing off such an appeal.
Meet targets, but don’t harass taxpayers: CBDT
August 08, 2014 1:44 am
The CBDT chairman’s comments reflect concerns over the impact of a continuing weakness in the economy on revenue collections.
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