Net Direct Tax Collection Reaches Rs 13.73 Lakh Crore, 83% Of Revised Estimate For...
New Delhi- Net direct tax collection so far this fiscal grew 17 per cent to reach Rs 13.73 lakh crore, which is 83 per...
Centre Releases ₹ 1.40 Lakh Crore Tax Devolution Sum To States
New Delhi- The government has released the 14th instalment of tax devolution of more than ₹ 1.40 lakh crore to states.
"The Union Government has released 14th instalment...
Finance Ministry Puts Income Tax Calculator Live On Income Tax Dept Portal
New Delhi- Income tax department on Monday released a 'tax calculator' which will help an assessee decide if the new income tax regime announced...
Petroleum Products Can Be Included In GST Framework Once States Agree, Says FM
New Delhi- Finance minister Nirmala Sitharaman on Wednesday said that petroleum products can be included in the Goods and Services Tax (GST) framework once...
I-T Deptt To Come Out With Modified Valuation Norms For ‘Taxing’ Foreign Investments In...
New Delhi- The Income Tax Department is likely to come out with modified valuation rules under the I-T Act for ascertaining the fair market...
Tax Demand Case: Flipkart Gets Relief Till Feb 24
Bengaluru- The Income Tax department has assured the High Court of Karnataka that no coercive action will be taken against Flipkart India Private Limited...
I-T Dept Spends 57 Paise For Every Rs 100 Of Tax Collection: Official
Hyderabad- Income-tax collection cost that the I-T Department incurs in the country is one of the lowest in the world at Rs 0.57 for...
GST Collection At Rs 1.55 Lakh Cr In Jan, Second Highest-Ever
New Delhi- The GST collection in January surged to over Rs 1.55 lakh crore, the second highest-ever mop-up, the finance ministry said on Tuesday.
"The...
Capital Gains Tax Should Be Rationalised; Need Simpler ITR Form For Disclosing Such Income:...
New Delhi- The Budget should bring in a simpler income tax return form for assessees having only capital gains or dividend or interest income,...
Increase Tax Rebate Benefits For Consumption Expenditure In Budget: PHDCCI
New Delhi- Industry body PHDCCI on Tuesday sought increase in the tax rebate benefits for consumption expenditure, reduction in the cost of doing business...