New Delhi [India], July 10 (ANI): Despite the worse condition due to COVID-19 which impacted economic growth, the net direct tax collection has doubled to over Rs 2.49 lakh crore so far this fiscal, mainly driven by personal income tax and advance tax mop up, Income Tax department sources
New Delhi [India], April 9 (ANI): Faceless assessment, faceless appeals and online facilities have provided confidence to taxpayers, so they are discharging their tax obligations and this is the main reason why direct tax collection surpassed revised budget estimate for 2020-21, says Cent
New Delhi [India], Apr 9 (ANI): Faceless assessments and appeals along with online facilities provided confidence in tax payers discharging their liabilities which led to direct tax collections surpassing the revised budget estimate for 2020-21, Central Board of Direct Taxes (CBDT) Chairman
New Delhi [India], April 9 (ANI): Provisional figures of direct tax collections for 2020-21 show that net collections are at Rs 9.45 lakh crore, the government said on Friday.
New Delhi [India], July 30 (ANI): The number of non-corporate assessees increased from 4.37 crore in 2016-17 to 5.38 crore in 2017-18, marking an increase of 23.1 per cent, the Comptroller and Auditor General (CAG) of India said on Tuesday.
New Delhi [India], May 7 (ANI): Direct tax collections fell short by Rs 82,000 crore at Rs 11.18 lakh crore during 2018-19 with lower corporate tax collection as one of the reasons.
New Delhi [India], Apr 20 (ANI): Failing to meet direct tax collections target, the Income Tax (I-T) Department has started surgical strikes against cash transactions.
New Delhi [India], Apr 5 (ANI): The Income tax department on Thursday claimed certain news items in a section of media regarding spike in the income tax "stop filers" could be due to loss of jobs or income drop due to fall in economic activity under the impact of demonetisation as "totall
New Delhi [India], Feb 1 (ANI): Direct tax collections have moved up from Rs 6.38 lakh crore in 2013-14 to almost Rs 12 lakh crore while the tax base swelled from 3.79 crore to 6.85 crore, Finance Minister Piyush Goyal said on Friday.
New Delhi [India], Dec 10 (ANI): The provisional figures of Direct Tax collections up to November, 2018 show that gross collections are at Rs. 6.75 lakh crore which is 15.7 percent higher than the gross collections for the corresponding period of last year.
New Delhi [India], Oct 4 (ANI): The provisional figures of Direct Tax collections up to September (half-yearly figures) witnessed gross collections worth Rs. 5.47 lakh crore which is 16.7 per cent higher than the gross collections for the corresponding period of last year.
New Delhi [India], Jul 01 (ANI): Union Minister Arun Jaitley on Sunday said that after the implementation of the Goods and Service Tax (GST), there was an increase of 18 percent in Direct tax collections.