Page 3 - Direct Taxes

Direct tax compliance set to be made easier in upcoming Budget

Budget may resolve issues related to administration

Late income-tax returns surge slows direct tax mop-up contraction

Net collection stands at Rs 6.57 trn, compared with Rs 7.24 trn a year ago

India's tax pie gets altered because of Covid; share of direct taxes drops

India witnessed a sharp drop in direct tax collections resulting from a disproportionate impact of the Covid-19 carnage on incomes

Taxpayers' charter: Expect more fairness

The tax charter has been issued under the newly minted Section 119A of I-T Act. It is no longer an unenforceable administrative promise made by CBDT more as a public-relations exercise

Google tax contributes merely 1% of direct tax kitty in major cities

Bengaluru, Hyderabad top the collections, Mumbai and Delhi together mop up a mere Rs 87 crore

The scourge of tax arrears

Over four-fifths of the Centre's direct taxes are blocked in arrears. The goal now should be to reduce disputes, not increase them

Rights & responsibilities of citizens in new taxpayers' charter: Full text

PM Modi said the charter had been introduced with defined rights and responsibilities. Read the full text of the tax charter document here

Compute tax demand for all assessees by August 31, says CBDT chief

Many taxpayers are waiting to file applications under 'Vivad Se Vishwas' scheme, but they are also waiting for correct demand to be intimated to them, says P C Mody

Will the country finally have an integrated tax surveillance system?

Valuable leads on under-payment of tax have often slipped between CBDT and CBEC, who have been more eager to protect their respective turfs

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

Only withheld refunds where assessee reply is awaited, says CBDT

Digital strike: US may take trade action against India for Google tax

India imposed the tax in 2016 on all overseas e-commerce transactions originating in India at an additional 2%.

Govt's cost-cutting drive: Proposal to merge CBDT, CBIC back on the table

Freezing hiring, curtailing allowances, and merging of job categories also on the cards

Q1 advance tax mop-up falls 76% as Covid-19 pandemic bites economy

Net collection down 32%

CBDT sets a minimum fee for managers of India-based offshore funds

The Finance Act, 2015, had introduced Section 9A to encourage fund management activity from India and provide a safe harbour to onshore managements of offshore funds

10 ways to plan your finances right during the coronavirus crisis

Here's how to protect your finances during these difficult times and work on your short- and long-term financial goals efficiently

Coronavirus outbreak: Direct tax shortfall likely to touch a 20-year high

The income tax department estimates total collection to be between Rs 10.5 trillion and Rs 10.7 trillion against the revised target of Rs 11.7 trillion

Vivad se Vishwas: IT dept begins implementation, taxpayers await rules

The scheme is open till June 30 and an additional 10 per cent needs to be paid for taxes paid after March 31

Govt needs Rs 3.06 trillion in 20 days to meet direct tax target

The data showed that the government has collected 73.8 per cent of direct tax target as given in RE by March 10 and 88.71 per cent of indirect tax mop-up projection by February 29

Parliament LIVE: Why is Amit Shah silent on Delhi violence, asks Oppn

Finance Minister Nirmala Sitharaman would move 'The Direct Tax Vivad Se Vishwas Bill, 2020, for consideration. Stay tuned for LIVE updates on Parliament session in the Lok Sabha and Rajya Sabha

From vivad to samvad, to gain vishwas

The culture of 'collect first, correct later' needs to change