GST Mop-Up In March At Rs 1.60 Lakh Cr Second Highest Ever, FY23 Gross...
New Delhi- GST collections in March grew 13 per cent to the second highest ever at Rs 1.60 lakh crore, taking the growth rate...
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,...