Direct tax collections rise 18.2 per cent in April-December
Business | January 09, 2018 12:09 ISTDirect tax collections soared 18.2 per cent during the first nine months of current fiscal at Rs 6.56 lakh crore, the finance ministry said today.
Direct tax collections soared 18.2 per cent during the first nine months of current fiscal at Rs 6.56 lakh crore, the finance ministry said today.
Eight years after he first helped draft a new direct tax code for India, top taxman Arbind Modi has been asked to do the task again to meet the contemporary economic needs of the country.
CBDT on Tuesday said it was not only confident that the Income Tax (IT) department would achieve the direct tax collection target for the current financial year, but that it would go past it.
India's direct tax collections for April-September rose 15.8 per cent to Rs 3.86 lakh crore, buoyed by a healthy growth in advance tax mop-up, the finance ministry said.
The Narendra Modi-led government wants an overhaul of archaic tax rules to ensure that tax compliance is easy and dispute redressal, quicker.
The collection for the April-July period is 19.5 percent of the Rs 9.80 lakh crore target from this segment for the entire 2017-18, the Finance Ministry said
While gross collections under Corporate Income Tax (CIT) grew at 4.8 per cent, that from Personal Income Tax (PIT), including Securities Transaction Tax (STT), rose by 12.9 per cent
Income tax mop-up from the metropolis remained flat during the first half of this fiscal at Rs 98,683 crore, as compared to Rs 97,499 crore in the year-ago period.
New Delhi: Announcing new guidelines for the manual scrutiny of service tax returns from August 1, the finance ministry on Friday said while scrutiny and anti-evasion work will be the domain of the Central Board of
Kolkata, May 27: Union Finance Minister Pranab Mukherjee today said the share of direct tax in the overall tax basket has increased considerably and would reach 12 per cent of the country's GDP soon.“The share
New Delhi, Mar 16: Finance Minister Pranab Mukherjee today said government was commited to enact the Direct Taxes Code (DTC) Bill at the earliest, after expeditious examination of the report of the Parliamentary Standing Committee.
New Delhi, Jul 7: Driven by a hefty increase in tax refunds which more than doubled in the first quarter of the current fiscal, net direct tax collections dropped by almost 17 per cent during
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