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Direct Tax News

Govt's gross direct tax collections see 16.11% year-on-year jump till July 13

Despite significant non-corporate tax refunds, net direct tax collections in the period also jumped year-on-year by 16.4% to <span class='webrupee'>₹</span>6.51 lakh crore

Updated 19 days ago

New income tax act, easier TDS, STT hike: What Union Budget changed, and didn't

Finance Minister Sitharaman, during her Budget speech, said the Income Tax Act, 2025 will come into effect from April 1.

Updated 183 days ago

India's net direct tax collections fall 1.3% during April 1-July 10

The government said it had issued tax refunds worth 1.01 trillion rupees during the period.

Updated 387 days ago

CBDT to closely monitor top taxpayers, crack down on bogus deductions

CBDT has instructed IT officials to monitor top advance taxpayers to boost direct tax collections this financial year

Published 456 days ago

Terms of Trade: Why we should stop hyperventilating about the Budget

Union finance minister Nirmala Sitharaman before presenting Budget 2024 on February 1, 2024. (Sanchit Khanna/ HT File Photo)

Updated 550 days ago

Tax defaults in India rise by 1000% in last 10 years, litigations double: Report

Tax defaults in India skyrocketed by 1000% in the last ten years and associated litigation has also consequently risen (Representational Image/Pixabay)

Published 728 days ago

Direct tax collections for FY 2024-25 surge by over 20%

Representational

Published 775 days ago

Budget 2024: What are direct taxes? Types and significance

Examples of direct taxes include income tax, real property tax, personal property tax, and taxes on assets. (Representational Image)

Published 938 days ago

Direct tax collections rise 16% to ₹6.53 lakh crore so far this fiscal

The collection is 32.03 per cent of the total budget estimates of direct taxes for current fiscal 2023-24

Published 1088 days ago

Gross direct tax collections grew 24% to ₹15.67 lakh crore this fiscal

The revised estimates for the current fiscal pegged direct tax revenues at <span class='webrupee'>₹</span>16.50 lakh crore.

Published 1269 days ago

Budget 2023: What is Direct Tax? Meaning, types and significance

The two major direct taxes are income tax and corporate tax.

Published 1286 days ago

Gross direct tax revenue jumps nearly 24% this fiscal

The provisional figures of direct tax collections up to October 8 continued to register “steady” growth, finance ministry said in a statement. (Representative use)

Updated 1393 days ago

Direct tax collection jumps 24% in first half of FY23

Tax on corporate and individual income makes up for direct taxes.

Published 1394 days ago

Direct tax kitty grows 30% to ₹8.36 lakh crore on higher advance tax mop-up

For April-September, advance tax collection grew 17 per cent to <span class='webrupee'>₹</span>2.95 lakh crore. This includes advance tax payout by corporate taxpayers of <span class='webrupee'>₹</span>2.29 lakh crore.

Published 1415 days ago

Net direct tax collections jump 45 per cent till June 16 in 2022-23

Representative image.

Published 1508 days ago

Centre set to exceed ₹11.08 lakh crore direct tax collections: CBDT chief

The Centre aims to collect <span class='webrupee'>₹</span>12.05 lakh crore as direct taxes before the end of this financial year

Published 1642 days ago

Net direct tax collections surge 61% to ₹9.45L crore till Dec 16

The gross direct tax collections for 2021-22 (as on December 16, 2021), which is before adjusting for refunds, stands at <span class='webrupee'>₹</span>10,80,370.2 crore compared to <span class='webrupee'>₹</span>7,33,715.2 crore in the corresponding period of the previous financial year.

Published 1689 days ago

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