Search For "taxes"
India's net direct tax collections up by 18.35 pc to almost Rs 11.26 lakh
Updated : 1 year, 5 months ago IST
India's net direct tax collection for the financial year 2024-25 has seen a significant surge, with an increase of 18.35 per cent to almost Rs 11.26 lakh crore year on year, as of 10 October, the data from the Central Board of Direct Taxes (CBDT) shows.
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Ahead of festive season, Centre releases over Rs 1.78 lakh crore to states
Updated : 1 year, 5 months ago IST
The decision was taken in view of the upcoming festive season and to enable States to accelerate capital spending, and also finance their development/welfare-related expenditure, as per the statement.
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CBDT forms committee to comprehensively review Income-tax Act
Updated : 1 year, 5 months ago IST
The Central Board of Direct Taxes (CBDT) has formed an internal committee to oversee a comprehensive review of the Income-tax Act, 1961 (Act), as was announced in the Union Budget 2024-25 by Finance Minister Nirmala Sitharaman.
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CBIC lauds Indian Customs K9 Squad for narcotics busts
Updated : 1 year, 5 months ago IST
The Central Board of Indirect Taxes and Customs (CBIC) lauded the Indian Customs K9 squad for its exceptional detection skills, keeping the country safe from narcotics.
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Central Board of Direct Taxes extends deadline for filing audit reports of
Updated : 1 year, 5 months ago IST
The Central Board of Direct Taxes (CBDT) has announced an extension for the filing of various audit reports for the financial year 2023-24.
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CBDT notifies 'Direct Tax Vivad Se Vishwas Scheme, 2024' to resolve pendin
Updated : 1 year, 6 months ago IST
This scheme, aimed at resolving pending income tax disputes, will come into effect from October 1. It seeks to provide an efficient framework for taxpayers to settle their outstanding appeals, streamlining the resolution process for various tax-related disputes.
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Direct tax collection soars, gross collections surge by 21% to reach at Rs
Updated : 1 year, 6 months ago IST
India's direct tax net collection for the financial year 2024-25 has seen a significant surge, with an increase of 21.48 per cent as of 17 September this year, the data from the Central Board of Direct Taxes (CBDT) shows.
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Kerala CM pitches for 50% share in central taxes as opposition ruled state
Updated : 1 year, 6 months ago IST
Kerala Chief Minister Pinarayi Vijayan has called for a significant increase in the share of taxes distributed to the states, proposing that the states' share be raised to 50 per cent of the net proceeds of the Union's taxes.
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Karnataka CM Siddaramaiah invites 8 CMs to discuss unfair devolution of fu
Updated : 1 year, 6 months ago IST
Karnataka Chief Minister Siddaramaiah has written a letter to the Chief Ministers of eight states regarding the unfair devolution of taxes by the Union government.
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Former bureaucrats, eminent ex-servicemen join BJP in presence of Union Mi
Updated : 1 year, 6 months ago IST
"It is a matter of great joy that distinguished retired civil servants who devoted their entire life to civil service career - whether they were generals in the armed forces, chief commissioners of Income Tax, or members of the Board of Direct Taxes, retired ambassadors, expressed their d
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Govt universities, research centers exempted from IT won't have to pay GST
Updated : 1 year, 6 months ago IST
Universities and research centers that have been established by a law of the Central Government; or established by a law of the State Governments; or that have obtained income tax exemption can receive research funds both from the government and from the private and they would not be subject
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Pakistan: Traders hold strike against heavy taxation, laments government's
Updated : 1 year, 6 months ago IST
The trader community in Pakistan has been struggling to stay afloat as the administration has been imposing heavy taxes on every essential commodity because of an ongoing economic crisis.
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