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Direct Tax
What is Direct Tax
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Latest Updates on Direct Tax
Centre forms panel to oversee safety of Indians, minorities in Bangladesh
Union Home Minister Amit Shah announced that the committee will be led by the Additional Director General (ADG) of the Border Security Force (BSF) for the Eastern Command
 "Centre forms panel to oversee safety of Indians, minorities in Bangladesh")
Top Headlines: Net direct tax collection exceeds RE, chip shortage & more
Business Standard brings you the top headlines at this hour
 "Top Headlines: Net direct tax collection exceeds RE, chip shortage & more")
Revenue boost: FY23 net direct tax collection exceeds Revised Estimate
Mop-up could help govt meet its fiscal deficit target
 "Revenue boost: FY23 net direct tax collection exceeds Revised Estimate")
Govt may close FY23 with Rs 50,000 cr shortfall in direct tax mop up
The dividend from public sector enterprises gave some breather: It stood at Rs 58,988 crore, compared to the revised target of Rs 43,000 crore
 "Govt may close FY23 with Rs 50,000 cr shortfall in direct tax mop up")
Direct tax collection hits 95.2% of Revised Estimates for FY23
Net collection rises 15.3% to Rs 15.72 trn as of March 16
 "Direct tax collection hits 95.2% of Revised Estimates for FY23")
Direct tax: Budget gives a blueprint for sustained high-growth trajectory
Presently, no TDS is required on interest payable in the case of listed dematerialised securities
 "Direct tax: Budget gives a blueprint for sustained high-growth trajectory")
Budget 2023: Many hits, few misses as Centre sticks to fiscal consolidation
The target of 5.9% is also likely to be met next year, finally bringing it down to below 4.5% of GDP in the financial year 2025-26
 "Budget 2023: Many hits, few misses as Centre sticks to fiscal consolidation")
Old income tax regime vs new income tax regime: Which one is better?
New income tax regime: The taxpayers can avail of several deductions under the old income tax regime using section 80C etc. But under the new tax regime, no such deductions are allowed
 "Old income tax regime vs new income tax regime: Which one is better?")
Compute your income tax liability after Budget 2023 changes here
No tax will have to be paid for income up to Rs 3 lakh
Budget: Direct, indirect taxes cover 58 paise of every rupee in govt coffer
The government will spend 8 paise out of every rupee on 'other expenditures'
Direct tax collection grows 24.58% to Rs 14.71 trillion till Jan 10
The country's gross direct tax collection rose 24.58% to Rs 14.71 trillion till January 10 this fiscal, buoyed by an upsurge in personal income tax mop-up, the government data showed
 "Direct tax collection grows 24.58% to Rs 14.71 trillion till Jan 10")
Tax collections up by 29.66%, to enable govt roll out tax reforms
With such a surge in tax collections, government would look to unleash reforms in the coming 2023-24 fiscal, especially as far as tax administration is concerned
 "Tax collections up by 29.66%, to enable govt roll out tax reforms")
Gross direct tax collections up by 30% at Rs 10.93 trn in current fiscal
The Central government has set a target of Rs 14,20,000 crore for collection of direct taxes as per budget estimates for 2022-23
 "Gross direct tax collections up by 30% at Rs 10.93 trn in current fiscal")
On track to meet FY23 fiscal deficit target, inflation within RBI band: FM
'We'll bring inflation down further for the sake of common people', said FM Nirmala Sitharaman
 "On track to meet FY23 fiscal deficit target, inflation within RBI band: FM")
Direct tax mop-up to exceed budget target by 25-30 pc: CBDT chief
The direct tax collection in the current fiscal is likely to exceed the budget target of Rs 14.20 trillion by about 30 per cent, a senior official said
Top headlines: FY24 direct tax target, PM visits Bali, COP27 meet, and more
Business Standard brings you the top headlines this hour
Direct Tax collections rise 31% YoY at Rs 10.54 trillion till November 10
Refunds amounting to Rs 1.83 trillion were issued during 1st April, 2022 to 10th November, 2022
Centre may introduce changes to capital gains tax rules, says report
A task force had recommended changes in indexation benefit rules for the capital gains tax in 2019, and it is expected to be the main basis of the review
 "Centre may introduce changes to capital gains tax rules, says report")
Direct tax mop-up rises 24% YoY to Rs 8.98 trillion in FY23 so far
Refunds amounting to Rs 1.53 lakh crore have been issued between April 1-october 8, an increase of 81 per cent over the corresponding period last year
Advance tax mop-up grew 17% between Apr and Sep to Rs 2.95 trillion
Net direct tax collections (net of refunds) for the current financial year have grown at 23 per cent to over Rs 7 trillion between April 1 and September 17
 "Advance tax mop-up grew 17% between Apr and Sep to Rs 2.95 trillion")
