India's direct tax collections, in gross terms, have witnessed a robust growth of 4.16 per cent year-on-year so far in 2025-26, reaching Rs 20 lakh crore, data released by the Central Board of Direct Taxes (CBDT) showed Friday.
The Comptroller and Auditor General of India (CAG) presented a compliance audit report on Goods and Services Tax (GST) for the year ended March 2023, highlighting several issues with the Central Board of Indirect Taxes and Customs (CBIC)'s oversight. The report, divided into four chapters
The Central Board of Direct Taxes (CBDT) has stepped up its data-driven push to curb bogus tax deduction claims, warning taxpayers to correct wrong filings after uncovering widespread misuse of donation-based exemptions, according to a Ministry of Finance release issued on Saturday.
Chairing a review meeting with officials from the Excise, Transport, Commercial Taxes, and Registration & Stamps departments, the Chief Minister said the government is committed to inclusive growth and the welfare of all sections of society. He stressed that improved revenue performan
US President Donald Trump defended his tariff strategy, saying it is faster, more direct and necessary for national security. He claimed to have "settled 8 wars in 10 months" and argued that foreign countries have not challenged his authority to impose tariffs.
Teams including Canada, Namibia, Egypt, Austria, China, Bangladesh, Korea, Oman, and tournament officials arrived through the morning for the special visit, experiencing South India's most cherished and indigenous sporting traditions first-hand. Present on the august occasion to greet and in
"Whatever they have bought, it is after paying their due taxes. Why don't you ask the RSS where they get their funding from? Who gives them donations? Where did they get the money to build a Rs 200-300 crore building?" Kharge said.
While suggesting that the party is using the "hard-earned taxes" of Malayalees as the Communist Party of India (Marxist)'s party fund, he said that just like the Sabarimala alleged gold loot, this too has to be investigated thoroughly.
Industry body PHD Chamber of Commerce and Industry (PHDCCI) presented a set of pre-budget suggestions for the micro, small and medium enterprises (MSME) sector to the Finance Minister Nirmala Sitharaman, seeking easier taxes, cheaper credit and simpler rules for small businesses.
Lok Sabha Speaker Om Birla on Thursday observed that reforms in direct and indirect taxes, along with the "One Nation, One Tax" GST framework, have made the nation's tax structure simpler and more transparent, contributing to India's growth and prosperity.
The Central Board of Direct Taxes (CBDT) on Thursday announced the launch of the second phase of its NUDGE initiative, aimed at strengthening voluntary compliance in the reporting of foreign assets and income
The Central Board of Direct Taxes (CBDT) on Thursday announced the launch of the second phase of its NUDGE initiative aimed at strengthening voluntary compliance in reporting foreign assets and income.