Page 3 - Direct Tax Collection

Confident of meeting Rs 11.7-trn direct tax collection target in FY20: CBDT

Income tax collection target for next fiscal is pegged at Rs 6.38 trillion and corporate tax collection at Rs 6.81 trillion

Top headlines: India's direct taxes may fall, fresh summons for AirAsia CEO

From India's first fall ín direct tax collections in two decades to the latest in Tata-Mistry case, here are today's top headlines

Finance Ministry ramps up efforts to meet direct tax collection targets

Field officers were asked to make efforts to identify and initiate actions against willful tax evaders or those using fake invoices or e-way Bills

Revenue Secy asks tax officials to put special efforts to check evasion

Direct tax collection target for the current fiscal has been pegged at Rs 13.35 lakh crore despite corporate tax relief of 1.45 lakh crore

Advance corporation tax mop-up drops over 5% in Dec quarter to Rs 73,000 cr

Net collection grows only 0.7% to Rs 6.75 trillion

Gross direct tax collection up by 5% till November: Nirmala Sitharaman

Replying to a debate on Taxation Law Amendment Bill, 2019 in the Lok Sabha, the minister categorically said there is no decrease in direct tax collection.

Rising fiscal fears

A comprehensive review is needed

At Rs 6 trn, CBDT's direct-tax mop-up so far less than 50% of FY20 target

The income tax department has also launched a faceless e-assessment scheme to eliminate interface between an assessing officer and a taxpayer

Advance tax mop-up posts dismal growth, rises by just 6% in H1FY20

Direct tax collection needs to grow by about 27% from here on to meet FY20 Budget target

Direct Tax Code may help bring change in mindset of taxpayers, authorities

The Direct Tax Code may help initiate the much-needed change in the mindset of taxpayers and authorities, say experts

Direct tax collection may fall short of Rs 50,000 cr in FY'19: Official

The shortfall in direct tax mop-up coupled with lower GST realisation may have implications on fiscal deficit.

CBDT raises alarm as direct tax collection stands at Rs 10.21 trillion

Asks for urgent action, especially with respect to recovery of arrears and current demand, to achieve the collection target

Confident of meeting direct tax mop-up target, says new CBDT chief

The CBDT is working on a mechanism in line with other nations where people are not afraid of filing tax

Direct tax collection during April-January stands at Rs 7.89 trn: Govt

Total direct tax collection in 2017-18 stood at Rs 10.02 trillion

FY20 direct tax collection growth target of 15% realistic: Revenue secy

Interim Budget 2019 has estimated to collect Rs 13.80 trn from direct taxes, compared to Rs 12 trn in the current fiscal

CBDT chief cautions I-T officials about direct tax collection growth rate

Says low mop-up may affect the Budget estimate of Rs 11.5 trillion for the current financial year

Gross direct tax collection up 16.7% to Rs 5.47 trillion in April-September

With record income tax refunds crossing Rs 1 trn in the April-Sept period, the net collections stood at Rs 4.44 trn, 14 per cent higher than the previous year

Direct tax collection grows 19.3% to Rs 6.95 trn in Apr-Jan 2017-18

The net collections for Corporate Income Tax showed a growth of 19.2% and for Personal Income Tax at 18.6%

FY18 direct tax collection rises 19% owing to lower refunds, demonetisation

This could be attributed to lower refunds, to the tune of Rs 1.22 trillion, against Rs 1.34 trillion at this time a year before

FY18 direct tax collection during Apr 1-Jan 15 rises 19% to Rs 6.89 trn

Refunds amounting to Rs 1.22 trillion have been issued during this period