Page 2 - Direct Tax Collections

Direct tax refunds down 10% amid Covid-19 pandemic, says CBDT

Only withheld refunds where assessee reply is awaited, says CBDT

Economic activity reviving; GST collections good sign: CBDT chief Mody

He tells Dilasha Seth, in an interview, that 58,000 cases will be assessed through the faceless mechanism by October.

Govt has collected Rs 7.52 trillion direct tax in Apr-Jan: Anurag Thakur

The Revised Estimate (RE) has pegged the target for collection of direct taxes for the current fiscal, which ends on March 31, at Rs 11.70 trillion

Vivad se vishwas: This new scheme may be a disappointment for taxpayers

With direct tax arrears accounting for 45 per cent of the govt's gross tax collections, the big challenge is to prevent fresh disputes

Stock markets cannot expect the moon every time: CBDT chairman P C Mody

A three per cent rise is definitely achievable

I-T department seeks Rs 1-trillion cut in direct tax mop-up target

The reduced growth is largely because of consumption slowdown and tax rate cuts

Slowdown blues: Direct tax mop-up growth slumps to 3.5% till mid-October

A combination of factors is responsible. This includes a deepening of the general economic slowdown and corporation tax cuts

Govt reworking strategy to enhance direct tax mop-up: CBDT member

CBDT member Akhilesh Ranjan, who headed a panel on the new direct tax law, said corporation tax rate in India is somewhat higher - compared to international standards - and must be reduced

Govt reworking its strategy to enhance direct tax mop-up: CBDT member

The government has set a direct tax collection target of Rs 13.35 trillion for the current fiscal, which includes Rs 7.66 trillion from corporate tax and Rs 5.69 trillion as income tax

Direct tax collection sees dismal growth; mid-August mop-up growth under 5%

The collections had shot up that year because people regularised their unaccounted income by paying higher levies

Direct Tax Code 2.0: Task force for big relief to individual taxpayers

Income tax payers earning up to Rs 55 lakh per annum may end up with a major tax relief

Half of direct tax collections netted; high growth clocked post DeMo: CBDT

The report added that the net direct tax collections grew by 18% in 2017-18, at Rs 10.03 trillion

Direct tax collection falls in six states; UP, Rajasthan worst performers

Mop-up from the state fell by almost 20% to Rs 235 billion in 2017-18, from Rs 293 billion in 2016-17

Hope to cross Rs 11.5 trn direct tax collection in FY19: Sushil Chandra

In last fiscal (2017-18), direct tax collection increased over 18 per cent to Rs 10.03 trillion

Direct tax collections grow at 6.6% and corporation tax barely 1%

Officials said the tax department refunds Rs 750 bn in the first four months of the current financial year, half of what was refunded in the entire FY18

Direct tax collections rise 19% to Rs 6.95 trillion in April-January

The government had estimated the collections to grow by 18.3 per cent for 2017-18 in the Budget

Direct tax boost before Budget: Apr-Dec collection up 18.2% at Rs 6.6 trn

The net direct tax collections represent 67% of total Budget Estimates of direct taxes for FY2017-18 is Rs 9.8 trillion: Finance Ministry

Direct tax collection target raised by Rs 20,000 cr to Rs 10 lakh cr

Mumbai, Delhi I-T dept asked to shore up collection by Rs 10,000 cr each

Direct tax collection at 67% of budget estimate as of December 18

The government had last financial year exceeded the direct tax collection target set in the Budget

Note ban led to 15.7% increase in direct tax collections: Jaitley

Jaitley also added that undisclosed income of Rs 5,400 cr was also detected