Search For "tax collection"
Taxpayers confidence on us gave surplus tax collection: CBDT chief Mody
Updated : 4 years, 11 months ago IST
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
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Direct tax collections in FY21 up 5 pc at Rs 9.45 lakh crore
Updated : 4 years, 11 months ago IST
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.
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Confident of achieving revised tax collection target, says CBDT Chairman
Updated : 5 years, 1 month ago IST
New Delhi [India], February 2 (ANI): Central Board of Direct Taxes (CBDT) Chairman P C Mody on Tuesday said that CBDT is confident of achieving the revised tax collection target.
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Rs 6.63 lakh crore collected of revised estimate for direct tax collection
Updated : 5 years, 1 month ago IST
New Delhi [India], February 2 (ANI): The revised estimate for direct tax collection this year is Rs 9.05 lakh crore, out of which Rs 6.63 lakh crore, have been collected, said Central Board of Direct Taxes (CBDT) Chairman Pramod Chandra Mody on Monday.
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GDP may rebound to 10.1 pc growth in FY22: ICRA
Updated : 5 years, 2 months ago IST
New Delhi [India], Jan 13 (ANI): After a 7.8 per cent pandemic-driven contraction in the ongoing fiscal year, India's real GDP is projected to record an expansion of 10.1 per cent in FY2022, according to investment information agency ICRA.
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Finance Commission meets advisory council to assess Covid-19 impact on sta
Updated : 5 years, 8 months ago IST
New Delhi [India], June 26 (ANI): The 15th Finance Commission had virtual meetings with its advisory council on Friday and a day earlier to discuss adverse implications of constraints in the economy on tax revenue collections of the Central and state governments.
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Fall in direct tax collection on expected lines and temporary: CBDT
Updated : 5 years, 9 months ago IST
New Delhi [India], June 7 (ANI): The Central Body of Direct Taxes (CBDT) on Sunday informed that net direct tax collection for the FY 2019-20 was less than that in comparison to FY 2018-19 but highlighted that this fall in the collection of direct taxes is on "expected lines" and is "tempora
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TDS, TCS rates for non-salaried payments reduced by 25 per cent till March
Updated : 5 years, 10 months ago IST
New Delhi [India], May 14 (ANI): The Union government on Wednesday announced a reduction in the rate of Tax Deduction at Source (TDS) for the non-salaried specified payments and Tax Collection at Source (TCS) for specified receipts by 25 per cent for the period from May 14, 2020 to March,
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Govt announces Rs 50,000 crore liquidity through TDS/TCS rate reduction
Updated : 5 years, 10 months ago IST
New Delhi [India], May 13 (ANI): To provide more funds at the disposal of taxpayers, the government on Wednesday reduced rates of tax deduction at source (TDS) for non-salaried specified payments made to residents by 25 per cent of existing rates.
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OMCs' margins to take a hit post increase in taxes: Ind-Ra
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 9 (ANI): The recent hike in additional customs and excise duties on petrol and diesel will meaningfully affect profitability and leverage profile of the three public oil marketing companies (OMCs), according to India Ratings and Research.
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Hike in fuel excise to increase tax collection by $21 billion: Moody's
Updated : 5 years, 10 months ago IST
New Delhi [India], May 6 (ANI): The government's increase in petrol and diesel taxes by 21 dollars a barrel and 27 dollars a barrel will result in tax collection increasing by about 21 billion dollars if the tax hike is maintained for a full year, Moody's Investors Service said on Wednesd
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Mamata urges PM Modi to allow states to borrow more by raising FRBM limits
Updated : 5 years, 11 months ago IST
New Delhi [India], Mar 24 (ANI): West Bengal Chief Minister Mamata Banerjee on Tuesday wrote to Prime Minister Narendra Modi, urging him to allow states to borrow more by raising their FRBM limits to at least 5 per cent of their GDP during the fiscal year 2020-21.
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