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.
August 14, 2020 10:46 am
Faceless assessment and appeal, random allocation of cases, anonymity — these can help reduce taxpayer harassment.
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.
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.
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
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.
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.
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.
April 21, 2014 12:02 am
The draft of the DTC, placed for public comments early this month, proposes to widen the scope of the definition of accountant to include other professionals as well.
February 17, 2014 2:43 pm
Small cars, motorcycles, scooters and commercial vehicles will attract a lower excise duty of 8 per cent.