[ad_1] Advance tax collections, from both corporations and individuals, have surged by 20.73 per cent to reach Rs 3.55 trillion as of mid-September, compared to Rs 2.94 […]
Net direct tax collection rises 23.5% to Rs 8.65 trn in April-Sept
[ad_1] The Indian government’s net direct tax collections rose 23.5% on the year to 8.65 trillion rupees ($103.9 billion) in April-Sept. 16, it said on Monday. […]
Corporate tax collections seen in line with budget estimates: Ajay Seth
[ad_1] India’s corporate tax collections must be looked at over a longer period of time and the full-year numbers are likely to be in line with budget […]
IMF, FSB to lay down crypto regulation framework for G20 discussion
[ad_1] Crypto common framework may emerge as one of the major achievements of India’s presidency of G20, which has been agreed upon by the participating nations, official […]
Govt hikes windfall tax on petroleum crude to Rs 4,250 per tonne from Aug 1
[ad_1] (Reuters) -The Indian government has hiked windfall tax on petroleum crude to 4,250 Indian rupees ($51.68) per tonne from 1,600 Indian rupees with effect from Aug. […]
100,000 tax notices to be disposed of by March: FM Nirmala Sitharaman
[ad_1] About 100,000 reassessment notices issued by the income-tax (I-T) department in the past years — where the income escaped from tax was above Rs 50 lakh […]
India to push G20 to raise share of taxes on cos which earn excess profit
[ad_1] India will push its Group of 20 partners at a meeting it is hosting to support its proposal to raise the share of taxes multinational companies […]
Direct tax mop-up grows 16% to Rs. 4.75 trillion, so far this fiscal
[ad_1] India’s direct tax collection soared 16 per cent to touch Rs. 4.75 trillion this fiscal, showing continuity in revenue growth despite external headwinds. The collection […]
GST increased states’ revenue buoyancy, benefit stands out as exemplary: FM
[ad_1] The multiplicity of taxes in the pre-GST regime resulted in a “tax-on-tax” effect, causing the same product to be taxed multiple times and hence becoming costlier for […]
India may cut solar panel import tax to make up domestic shortfall
[ad_1] Govt unveils plans to add 250GW renewable energy capacity in next 5 years Energy strategies in India, China contest for hegemony on Brahmaputra: Rpt JSW Energy arm […]