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.

Spurt in indirect tax mop up to help govt meet FY16 target

Spurt in indirect tax mop up to help govt meet FY16 target

After two successive years of revising downward the tax revenue target, fiscal 2015-16 which ends on March 31 is likely to see tax revenue target of Rs 14.49 lakh crore being met.

 

Govt detects Rs 1,761.09 crore undisclosed income till June

The government has detected an undisclosed income of Rs 1,761.09 crore while it seized Rs 75.37 crore in a total of 41 searches till June this fiscal, Parliament was informed Friday.

Direct tax collections rise 5.67% during Apr-Nov

The government's direct tax collections during April-November of this fiscal rose 5.67 percent to Rs 3.29 lakh crore over the same period a year ago.

Govt seeks information from 70,000 high priority IT assessees

The government plans to collect over Rs 6.68 lakh crore from direct taxes in the current fiscal, up from Rs 5.65 lakh crore in the previous fiscal.

Parl panel report on DTC tabled in LS

The Parliamentary panel on Direct Taxes Code in its report tabled in Lok Sabha on Tuesday has suggested raising the income tax exemption limit to Rs 3 lakh.

Gems and Jewellery Fedn seeks changes in direct taxes code

Gems and Jewellery Federation (GJF), the national body of the jewellery trade, has urged the Government to modify the direct taxes code (DTC).