Unaccounted assets worth Rs 1400 crore detected

Stepping up its effort to unearth black money, the authorities have detected unaccounted income and assets worth over Rs 1,400 crore during the first three months of this year.

Economy on strong wicket as direct tax mop-up rises 8.5%

Direct tax collections during the nine-month period ending December 2009 rose by 8.5 per cent reflecting economic revival and better performance by corporates.

Draft direct tax code creates uncertainty for SEZs: EPCES

The draft direct tax code that would lead to the overhaul of the Income Tax Act, has created uncertainty among the developers of special economic zones over continuation of the tax sops.

Direct tax kitty grows nearly 4% in Apr-Sept

Direct tax collections grew by 3.92 percent to Rs 1,73,447 crore for the first seven months of current fiscal, around Rs 2 lakh crore short of the target for the mop-up this financial year.

Direct tax mop-up gives hope to govt to meet Budget target

With direct tax collections crossing 1.50 lakh cr mark in the first half of the fiscal, the govt is hopeful of meeting the Budgeted tax target of around Rs 3.70 lakh cr.

Direct tax kitty grows 3.69% to Rs 1.52 crore in H1 FY10

The Centre has collected 3.10 per cent more in direct taxes in September at Rs 64,737 compared to the same period last year.

Refunds slow down direct tax growth rate to 3.69% in H1FY10

The government`s direct tax collections grew a mere 3.69 per cent in the first half of the fiscal to Rs 1.52 crore due to higher refunds.

Direct tax mop-up grows meagre 4% during April-Aug

Direct tax collections by the
government for the first five months of the current fiscal
grew to Rs 87,888 crore, a meagre 4.12 per cent growth which
is attributed tax refunds paid during the period.

Govt revises direct tax collection target for 2009-10

The Finance Minister Tuesday revised the direct tax collection target for the current fiscal to Rs 4 lakh crore, sources said.