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Corporate income tax News

20 Jan 2022

Minimum Corporate Tax Presented by Rajiv Gandhi in 1987-88

Former Prime minister Rajiv Gandhi presented Minimum Corporate tax in union budget in 1987-88 as finance minister. The governemt estimates 75 crores extra revenue income from this tax only. here you know why government implement this tax in year 1987-88

Direct Tax Collections

10 Dec 2018

Direct tax collections surge 15.7% to Rs 6.75 lakh cr in April-November

Refunds worth Rs 1.23 lakh crore have been issued in the eight months of the current fiscal, which is 20.8 percent higher than refunds issued in the same period last year.

Direct Tax Collections

04 Oct 2018

Direct tax collections till September at Rs 5.47 lakh crore

The net Direct Tax collections represent 38.6 percent of the total Budget Estimates of Direct Taxes for FY 2018-19.

08 Mar 2018

Direct Tax collections for FY 2017-18 show growth of 19.5% up to February

High growth was recorded in corporate and personal income taxes.

Direct Tax Collections

09 Aug 2017

Direct tax collection up 19% in April-July at Rs 1.90 lakh crore

Collections of direct taxes, which are made up of personal and corporate taxes, soared to Rs 1.90 lakh crore in April-July, an official statement said here.

10 Feb 2017

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.

09 Dec 2016

Indirect tax mop-up grows 26.2%, direct tax up 15.12% in April-November

Government's revenue collection in April to November saw indirect tax-mop up growing at an impressive 26.2 percent while that of direct tax came in at 15.12 percent.

26 Nov 2016

Housing prices unlikely to come down in primary market post demonetisation: CREDAI

Credai, the realtor's body, on Saturday said that housing prices unlikely to come down in primary market post demonetisation since rates are already at the lowest level.

Direct tax mop-up

12 Sep 2016

Direct tax mop-up rises 15% to Rs 1.89 lakh crore in Apr-Aug

Net direct tax collections during the April-August period has grown 15.03 percent to Rs 1.89 lakh crore, led by robust collections in personal income tax.

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