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direct tax
Direct tax News
direct tax
20 Nov 2024
Direct Tax Collections Poised To Surpass Budget Target For 2024-25
India’s net direct tax collections, comprising corporate tax and personal income tax, shot up by a robust 15.4 per cent to Rs 12.1 lakh crore, from April 1 to November 10 during the current financial year, according to the latest figures released by the CBDT.
Tax
12 Nov 2024
India’s Net Direct Tax Collections Surge 15.4% To Rs 12.1L Cr In April-Nov
Net corporate tax collections of Rs 5.10 lakh crore and non-corporate taxes, such as Rs 6.62 lakh crore paid by individuals, HUFs, and firms.
tax collection
11 Oct 2024
India's Net Direct Tax Collections Up By 18.35% To Almost Rs 11.26 Lakh Crore
The gross collection of direct tax grew 22.30 per cent to Rs 13.57 lakh crore year on year, as of 10 October, the data shows.
direct tax
24 Sep 2024
Supreme Court Disposes of 573 Direct Tax Cases; 4,300 Disputes To Be Withdrawn
Following the Budget announcement, the CBDT and CBIC issued the necessary orders to raise the monetary limit for filing appeals in their respective domains.
Direct Tax Scheme
22 Sep 2024
Vivad Se Vishwas Direct Tax Scheme: Check Benefits, Who Can Use the Scheme?
The Direct Tax Vivad Se Vishwas Scheme, 2024, applies to cases where appeals have been filed with the Commissioner (Appeals), Dispute Resolution Panel (DRP), Income Tax Appellate Tribunal (ITAT), High Court, or Supreme Court.
Bandhan Bank
28 Jun 2024
Bandhan Bank Customers Can Now Pay Direct Taxes Online --All You Want To Know
Bandhan Bank customers can now pay their Direct Taxes through the Bank’s Retail Internet Banking, Corporate Internet Banking and Payment Gateway.
direct tax
12 Feb 2024
Direct Tax Collections At 80.23% Of Total Revised Estimates Of Direct Taxes
Refunds amounting to Rs. 2.77 lakh crore have been issued during 1st April, 2023 to 10thFebruary, 2024.
direct tax
11 Jan 2024
Decoding Budget Terms: What Is Direct Tax? Definition, Types, And More - Check
Direct tax is a straightforward concept -- it is a tax paid directly by individuals or organizations to the government based on their earnings.
direct tax
03 Apr 2023
Net Direct Tax Collections Grow 18% To Rs 16.61 Lakh Cr In FY23, Exceeding RE
The provisional figures of direct tax collections for the financial year (FY) 2022-23 show that net collections are at Rs 16.61 lakh crore.
DNA Video
06 Jul 2022
DNA: What facilities government has provided in lieu of taxes?
In the financial year 2021-22, the Government of India had received Rs 27 lakh crore as tax. Of these, Rs 14 lakh crore was received by the government in the form of direct tax and Rs 13 lakh crore in the form of indirect tax. But what facilities government has provided in return?
direct tax
03 Feb 2022
Direct tax collections expected to breach Rs 12.50 lakh crore target
Multiple reasons like "easing" of tax compliance processes for tax payers and enhanced ability of the taxman in data processing were cited by him for mopping up these high-volume of collections under two major heads -- corporate tax and personal income tax.
direct tax
16 Jun 2021
Direct tax collections jump over 100% so far in FY22
The gross collection for FY22 includes Corporation Tax(CIT) at Rs 96,923 crore. Personal Income Tax (PIT) including Security Transaction Tax (STT) stood at Rs. 1,19,197 crore. The collection for FY22 also includes an Advance Tax of Rs. 28,780 crore.
covid-19 pandemic
24 Apr 2021
Government extends certain timelines in light of the raging COVID-19 pandemic
The government has extended certain timelines in light of the raging COVID-19 pandemic The Centre will soon issue notifications to extend the dates for important issues
direct tax
09 Apr 2021
Net Direct Tax collections for FY 2020-21 at Rs 9.45 lakh crore
Advance Tax collections at Rs 4.95 lakh crore. Growth of approximately 6.7%. Refunds amounting to Rs 2.61 lakh crore issued.
Narendra Modi
18 Aug 2020
Faceless assessment, taxpayers' charter, faceless appeal service: Details here
Faceless assessment and taxpayers' charter have been already implemented. Faceless appeal service will be available from September 25. The faceless scrutiny assessment has been devised for greater transparency, greater efficiency and accountability.
Narendra Modi
13 Aug 2020
PM Narendra Modi launches platform for Transparent Taxation
The event was being witnessed by various Chambers of Commerce, Trade Associations, Chartered Accountants' associations and also eminent taxpayers. Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman and Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur were also present on the occasion. The faceless scrutiny assessment has been devised for greater transparency, greater efficiency and accountability.
Narendra Modi
13 Aug 2020
Faceless assessment, taxpayers' charter implemented from today: PM Modi
The event was being witnessed by various Chambers of Commerce, Trade Associations, Chartered Accountants' associations and also eminent taxpayers. Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman and Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur were also present on the occasion. The faceless scrutiny assessment has been devised for greater transparency, greater efficiency and accountability.
Narendra Modi
13 Aug 2020
PM Narendra Modi to launch platform for Transparent Taxation today
The event will be witnessed by various Chambers of Commerce, Trade Associations, Chartered Accountants' associations and also eminent taxpayers. Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman and Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur will also present on the occasion. The focus of the tax reforms has been on reduction in tax rates and on simplification of direct tax laws.
Narendra Modi
12 Aug 2020
PM Narendra Modi to launch platform for Transparent Taxation on August 13
The event will be witnessed by various Chambers of Commerce, Trade Associations, Chartered Accountants' associations and also eminent taxpayers. Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman and Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur will also present on the occasion. The focus of the tax reforms has been on reduction in tax rates and on simplification of direct tax laws.
Vivad se Vishwas scheme
06 Apr 2020
Govt open to suggestions on implementation of Vivad Se Vishwas scheme: CBDT
The CBDT chairman clarified the doubts by answering frequently asked questions and said that no scheme could be conceived with all the perfections, so also could be this scheme.
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