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1 min read

Direct tax collections rise 18% so far in current financial year

The government's gross direct tax collections have risen by 16.77 per cent to touch Rs 17.18 lakh c…

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Direct Tax Collections (FY 2022-23) records growth at ₹15.67 lakh cr

Direct Tax collections up to February 10 showed that gross collections are at ₹15.67 lakh crore …

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Direct tax collections rise 31% to ₹10.54 lakh crore in FY23 so far

Direct tax collections, up to November 10, stood at Rs 10.54 lakh crore, 30.69 per cent higher than…

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Gross direct tax collections up by 30% at ₹10,93,385 crore in current fiscal

Gross direct tax collections for 2022-23 (up to November 30) are up by 29.66 per cent at ₹10,93,385…

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Direct tax collections surge 35% but fall short of estimates

Gross direct tax collections stood at Rs 6.48 lakh crore till September 8, which is 35.46 per cent …

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Gross direct tax collections rise 30%

Gross direct tax collections till 2022-23 as on September 17 stood at Rs 8.36 lakh crore, witnessin…

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Direct tax collection grows 23.8% to ₹ 8.98 lakh cr till Oct 8

Direct Tax collection up to October 8 stood at Rs 8.98 lakh crore, which is 23.8 per cent higher th…

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2 mins read

Onus of deducting TCS on standalone overseas hotel bookings should be on banks: MakeMyTrip

MakeMyTrip, an online travel service provider, believes that banks should be responsible for deduct…

PTI   


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2 mins read

Income Tax dept selects 68,000 high-value transaction cases for e-verification

CBDT chief Gupta said that the I-T department had taken several progressive steps to encourage volu…

ANI   


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4 mins read

India’s Income Tax Burden: Mere 0.3% of adult population account for 76% of total personal IT receipts

Data shows that currently India has 66.5 million individuals who pay personal income tax, which is …

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PM asks India Inc to step up investment

In this backdrop, he said, "I would also call upon the private sector of the country to increa…

PTI   


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2 mins read

Government on course to meet fiscal deficit target for FY24 as gross tax receipts hit a 20-year high

Economists believe that the government is on track to achieve the fiscal deficit target of 5.3% in …

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India collected ₹9.45 lakh crore in taxes last year — exceeding the government's expectations

The provisional figures of direct tax collections for the financial year 2020-21 showed that net co…

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Kotak Mahindra Bank gets approval from the government to collect direct, indirect taxes

After technical integration, KMBL customers will be able to pay their direct and indirect taxe…

Ayelet Sheffey   


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4 mins read

India needs to review how it wants to extract tax from Zomato and Swiggy

India’s Finance Minister Nirmala Sitharaman on Friday announced that online food delivery platforms…

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2 mins read

A founder of Big Gay Ice Cream is suing his partner, accusing him of mismanagement and collecting government pandemic loans

Doug Quint, the co-founder of Big Gay Ice Cream, sued his partner Jon Chapski for fraud and mismana…

Lakshmi Varanasi   


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2 mins read

4 measures that provide extra cash for Americans in Biden stimulus law

Some parts of the $1.9 trillion Biden stimulus law could permanently strengthen the nation's social…

Joseph Zeballos-Roig   


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4 mins read

India’s rich to shell out more for luxury cars, global travel but may have more to invest

The Union Budget 2023-24 is being hailed as the common man’s budget, but at the same time many …

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4 mins read

20% tax on foreign remittances make foreign investments unviable for retail investors

Budget announcement of 20% tax on foreign investments to make investments in the US markets less ap…