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Indirect tax revenue grows 24% in Apr-Jan; direct tax up 10.79%

Indirect tax revenue grows 24% in Apr-Jan; direct tax up 10.79%

Government's revenue collection from indirect tax grew by an impressive 23.9 percent during the April-January period, while that from direct tax rose by 10.79 percent.

Budget 2017: A Detailed Overview of Economy

Budget 2017: A Detailed Overview of Economy

The economy under Modi's leadership has seen a major improvement in the past ten months on several fronts; however, certain hiccups are still there which will take time to sort out.

Impact of demonetisation visible, double-digit growth in India's tax collection figures: Arun Jaitley

Impact of demonetisation visible, double-digit growth in India's tax collection figures: Arun Jaitley

Union Finance Minister Arun Jaitley on Thursday said that the impact of demonetisation is clearly visible with tax collection figures seeing double-digit growth.

Indirect tax collection jumps 26% in April-September, direct tax 9%

Indirect tax collection jumps 26% in April-September, direct tax 9%

Government's revenue collection in April to September -- the first half of the current fiscal -- saw indirect tax-mop up growing at an impressive 26 percent while that of direct tax came in at a tepid 9 percent.

Indirect tax collection up 30% in June quarter against last FY

Indirect tax collection up 30% in June quarter against last FY

The collection up to June indicate that 25.7 percent of the annual budget target of indirect taxes has been achieved in the first three months of the fiscal.

Direct tax mop-up jumps 24% to Rs 1.59 lakh crore in Apr-Jul

Direct tax mop-up jumps 24% to Rs 1.59 lakh crore in Apr-Jul

Direct tax collection registered a growth of 24.01 per cent to Rs 1.59 lakh crore during the April-July period of the current financial year.

Indirect tax collections up 30% to Rs 2.71 lakh crore till July

Indirect tax collections up 30% to Rs 2.71 lakh crore till July

Indirect tax collections rose by 29.9 percent during April-July period of the current fiscal to Rs 2,71,719 crore, mainly due to impressive growth in central excise duty mop-up.

Direct tax mop-up jumps 25% to Rs 1.24 lakh crore in Apr-Jun

Direct tax mop-up jumps 25% to Rs 1.24 lakh crore in Apr-Jun

Direct tax collection registered a growth of 24.79 percent to Rs 1.24 lakh crore during April- June period, mainly on account of early advance tax mop-up.

Scope for expansion of tax base: Hasmukh Adhia

Scope for expansion of tax base: Hasmukh Adhia

A day after Prime Minister Narendra Modi spoke about near-doubling of taxpayer base to 10 crore, Revenue Secretary Hasmukh Adhia on Friday sought to contextualise the statement saying he was talking about "scope for expansion" and getting to that mark is "impossible".

Tax collection in 2015-16 exceeds target by Rs 5,000 cr

Helped by buoyancy in indirect taxes, the government managed to surpass the total tax collection target for 2015-16 by Rs 5,000 crore at Rs 14.60 lakh crore.

Direct tax collection at Rs 5.47 lakh crore till Feb 13

Direct tax collection at Rs 5.47 lakh crore till Feb 13

Total collection from direct taxes stood at Rs 5.47 lakh crore as on February 13, which is 68.7 percent of the budget target for the fiscal.

India lightly taxed; help govt collect more: Sinha to CA

India is a "lightly taxed" nation, Minister of State for Finance Jayant Sinha said Thursday, urging CAs to help the government collect due taxes and raise the tax-GDP ratio to 20 percent.

Indirect tax mop-up paces up, grows 36% during Apr-Oct 2015

In October 2015, indirect tax revenue collections rose 36.8 percent from a year ago.

Indirect tax collection up 35.8% in Apr-Sept period

Indirect tax collection up 35.8% in Apr-Sept period

Bulk of the growth in the indirect taxes has been contributed by excise duty collection which grew 69.6 percent during the period.

Government to adhere to FY16 fiscal deficit target: StanChart

Sluggish direct tax collection, likely shortfall in disinvestment proceeds and OROP scheme pay out will add to the government's fiscal burden but it will "adhere to" fiscal deficit target by reducing expenditure, says a Standard Chartered report.

Indirect tax collections pace up, grow 37.5% in April-June

Indirect tax collections pace up, grow 37.5% in April-June

IIP data showed that the growth in factory output in the first two months of the fiscal was 3 percent as against 4.6 percent in April-May of 2014-15.

I-T Dept eyes Rs 2.56 lakh crore tax mop up from Mumbai in FY16

I-T Dept eyes Rs 2.56 lakh crore tax mop up from Mumbai in FY16

The Income Tax department is looking at collecting tax worth Rs 2,56,000 crore from the Mumbai zone during this fiscal, which is 13 percent more than the amount mopped up last year.

38% increase in tax collection in last 3 months: Kejriwal

38% increase in tax collection in last 3 months: Kejriwal

Delhi Chief Minister Arvind Kejriwal on Tuesday said his government has seen a 38 percent increase in tax collection in the last three months, claiming that the earnings were even more than the Rs 1,700 crore subsidy for electricity and water.

Indirect tax collection up 39.2%; excise reflects manufacturing uptick

Indirect tax collection has jumped 39.2 percent in April-May, with excise showing a smart rise reflecting pick up in manufacturing, Finance Minister Arun Jaitley said Wednesday.

Govt will have to forget direct tax of Rs 6.73 lakh crore

A paper presented during the recently held All India Conference of Chief Income Tax Commissioners stated that the department might recover 19% of Rs 8 lakh crore. But there's a rider: even this is going to be a 'tough task'.