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.
According to Business Recorder, after the imposition of taxes of PKR 170 billion in the mini-budget, the new annual tax target of the FBR has been fixed at PKR 7.640 trillion.
The federal government will book the highest-ever budget deficit despite putting an extra burden of Rs 735 billion on citizens till the end of June on account of higher gas and electricity tariffs and additional taxes.
Khattar who also holds the finance portfolio presented the state Budget for the financial year 2023-24 today wherein he proposed Rs 1,83,950 crore state budget for the year 2023-24, an increase of 11.6 per cent over the revised estimates of Rs 1,64,808 crore.
Mumbai (Maharashtra) [India], February 22 (ANI/NewsVoir): In the context of the Prestigious Global Investors Summit, that is scheduled to happen in Vishakhapatnam on the 3rd and 4th of March, Minister for Finance & Planning, Commercial Taxes, Legislative Affairs, Skill Development &
Gurugram (Haryana) [India], February 21 (ANI/BusinessWire India): BMW Motorrad India launched the BMW R nineT 100 Years and the BMW R 18 100 Years limited edition motorcycles in India. These motorcycles can be booked at BMW Motorrad India dealerships from today onwards.
The Income Tax Department gathered several evidences pertaining to the BBC India's operation which indicated that taxes were not paid on "certain remittances" which have not been disclosed as income in India by the foreign entities of the group.
It was approved by the central government-appointed special officer Ashwini Kumar--a first in over two decades as the mayoral election is still pending.
To facilitate taxpayers and to improve ease of filing, no significant changes have been made to the ITR Forms in comparison to last year's ITR forms, CBDT said in a statement.
The company said its total income rose 42 per cent year-on-year to Rs 26,951 crore in the reviewed quarter. Its arnings before interest, taxes, depreciation, and amortisation (Ebitda) jumped 101 per cent y-o-y to Rs 1,968 crore, according to a statement from the company.
The gross GST revenue collected in January 2023 was Rs 1,55,922 crore. This was for the third time, in the current financial year, GST collection has crossed Rs 1.50-lakh-crore mark.
Mumbai (Maharashtra) [India], February 11 (ANI/PNN): JB Pharma, one of the fastest-growing pharmaceutical companies in India, announced record revenue growth of 32 per cent to Rs 793 crore in Q3 FY23.