Search For "tax collection"
Gross Direct Tax collections for FY 2023-24 see 12.73 pc growth
Updated : 2 years, 8 months ago IST
According to the official data released by the government, "The Gross collection of Direct Taxes (before adjusting for refunds) for the FY 2023-24 stands at Rs 4,19,338 crore as compared to Rs 3,71,982 crore in the corresponding period of the preceding financial year, registering a growth of
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Foreign Exchange Industry calls for clarity on proposed 20 per cent TCS: S
Updated : 2 years, 9 months ago IST
Mumbai (Maharashtra) [India], May 25: The foreign exchange Industry has expressed serious concerns about the applicability of 20 per cent Tax Collection at Source (TCS) under the Liberalized Remittance Scheme (LRS) effective from July 1, 2023. On 19th May, 2023, Ministry of Finance clarif
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Data available shows tax collection at source mechanism has been abused, v
Updated : 2 years, 9 months ago IST
Chief Economic Advisor V Anantha Nageswaran on Thursday said that data available on usage of international credit cards points out that tax collection at source mechanism has been "abused" and these "volumes involved were fairly substantial"
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PM Modi lauds highest-ever GST collection in April 2023
Updated : 2 years, 10 months ago IST
"Great news for the Indian economy! Rising tax collection despite lower tax rates shows the success of how GST has increased integration and compliance," tweeted PM Modi.
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Net direct tax collections grow 17.63 pc to Rs 16.61 lakh cr in FY23
Updated : 2 years, 11 months ago IST
According to a statement from the ministry of finance, the net direct tax collections -- which included tax collected from individuals and corporations -- exceeded the Budget Estimates (BE) by 16.97 per cent and the Revised Estimates (RE) by 0.69 per cent.
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Himachal collected Rs 5,343 crore tax in 2022-23, up 19 pc
Updated : 2 years, 11 months ago IST
Himachal Pradesh's tax department collected Rs 5,343 crore during the just concluded financial year 2022-23, against an estimated Rs 5,130 crore.
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Direct tax collections for FY23 reach Rs 16.68L cr, up by 22.58 pc
Updated : 3 years ago IST
The provisional figures of direct tax collections continue to register steady growth and also said it registered 22.58 per cent higher than the gross collections for the corresponding period of last year.
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Increased revenue will lead to better budget this year: K'taka CM
Updated : 3 years, 1 month ago IST
Karnataka Chief Minister Basavaraj Bommai today said the increased revenue of the state will allow the state government to present a better budget this year.
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IMF places new demands before Pakistan for holding policy-level talks next
Updated : 3 years, 1 month ago IST
If Pakistan and IMF reach a consensus by Feb 9, they will sign a staff-level agreement.
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Pakistan's interest expenses increases, spends over PKR 3.2 trillion on de
Updated : 3 years, 1 month ago IST
With a net income of PKR 2.5 trillion, Pakistan's total spending on debt servicing and defence reached over PKR 3.2 trillion more than the government's net income.
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Gross direct tax collections grow 24.58 pc to Rs 14.71 lakh crore in FY23
Updated : 3 years, 2 months ago IST
According to the statement from the finance ministry, the provisional figures of Direct Tax collections up to January 10, 2023, continue to register steady growth. After adjusting refunds, net direct tax collection was at Rs 12.31 lakh crore, which is 19 per cent higher than the previous yea
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'Govt may have tax collection of Rs 32 lakh crore in current fiscal'
Updated : 3 years, 2 months ago IST
The collections from GST rose 15 per cent year-on-year to over Rs 1.49 lakh crore in December, indicating improved manufacturing output and consumption demand besides better compliance.
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