Search For "tax collections"
Top 10 Crypto exchanges turnover over Rs 1 lakh cr, expect huge collection
Updated : 4 years, 1 month ago IST
New Delhi [India], February 3 (ANI): The imposition of 30 per cent tax on proceeds of digital assets, as announced in the Union Budget 2022-23, will lead to huge tax collections as the turnover of the top 10 crypto exchanges in the country is around Rs 1 lakh crore, said JB Mohapatra, Cha
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Net direct tax collections for 2021-22 grow over 74 pc
Updated : 4 years, 5 months ago IST
New Delhi [India], September 25 (ANI): The gross direct tax collections for 2021-22 have registered a growth of 47 per cent and the net direct tax collections for the fiscal have grown at over 74 per cent.
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Net direct tax collections so far this fiscal rise over 91 pc to Rs 2.49 l
Updated : 4 years, 8 months ago IST
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
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Net indirect tax collections in FY21 up 12 pc to actual revenue receipts i
Updated : 4 years, 11 months ago IST
New Delhi [India], April 13 (ANI): Provisional figures for indirect tax collections (GST and non-GST) for 2020-21 show that net revenue collections are at Rs 10.71 lakh crore as compared to Rs 9.54 lakh crore for 2019-20, marking a growth of 12.3 per cent, the government said on Tuesday.
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Direct tax collections up due to confidence of taxpayers in I-T dept: CBDT
Updated : 4 years, 11 months ago IST
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
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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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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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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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Corporate tax cuts to immensely benefit Mumbai, Maharashtra: Devendra Fadn
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sept 23 (ANI): Maharashtra Chief Minister Devendra Fadnavis on Monday said the Union government's decision to cut corporate tax rates will immensely benefit Mumbai as it contributes 35 per cent of the total corporate tax collections in the country.
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Number of tax assesses goes up, direct tax collections jump: CAG
Updated : 6 years, 7 months ago IST
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.
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