Page 2 - Revenue Department

India's April-August fiscal deficit recorded at 32.6% of FY23 target

Sabnavis said the progress till August shows that the government's accounts are on course compared with last year

Centre releases revenue deficit grant of Rs 7,183 cr to 14 states

The Commission has recommended a total PDRD grant of Rs 86,201 crore to 14 states for 2022-23.

Revenue dept working on a mechanism to plug capital gains tax leakage

In past few years, cases of capital gains tax evasion through stock market transactions have been probed

Revenue dept services in Uttar Pradesh to be available on Umang app soon

Aimed at enabling citizens to easily access government services on a single platform, the Uttar Pradesh government is all set to make services provided by the Revenue department available

No plan to extend deadline for filing income tax returns: Revenue Secretary

The government is not considering extending the last date for filing income tax returns as it expects most returns to come in by the due date of July 31, a top official said

11 districts DMs asked to carry out 'ground truthing' of desilted drains

The district magistrates of 11 revenue districts in the national capital have been asked to carry out 'ground truthing' of desilting of drains carried out by the Department of Flood and Irrigation

Centre moots ruling authority to fix direct tax liability, settle disputes

Revenue dept to take up measures to boost tax-to-GDP ratio to 15-20%

Revenue spend may be cut to limit slippage: Finance secretary TV Somanathan

To compensate for impact of over Rs 1.5 trn on account of measures announced to rein in inflation, including cut in fuel prices and Customs duty exemption: Somanathan

'Illegal' property worth Rs 21 cr belonging to UP ex-MLC's aide attached

A joint team of police and revenue department on Sunday attached alleged illegal property worth Rs 21 crore registered in the name of former MLC Haji Iqbal's aide. The property was registered in the name of Naseem and it was attached under the provisions of the Gangster Act, police said. Iqbal was a Bahujan Samaj Party MLC from 2010 to 2016. Iqbal, who headed the gang, was indulged in smuggling wood, illegal mining, threatening people and using fraudulent means to purchase government and non-government land, and registering them in the names of his aides, family members, relatives and even servants, Senior Superintendent of Police Akash Tomar told PTI. He had amassed money from criminal activities and purchased a number of properties in Behat area of Saharanpur, the SSP said. In another case, property worth Rs 4 crore in Barabanki district, belonging to drug smuggler Mohammad Saheem alias Kasim, too, was attached on Sunday, Additional Superintendent of Police, Barabanki, Manoj Kum

Maharashtra's revenue from property registrations to hit all-time high

Within the first 11 months of FY22, the state has earned Rs 5,671 crore from property registrations, which is 63 per cent higher than Rs 3,474 crore in FY21

Tax laws made complicated by exemptions, need to be simplified: Tarun Bajaj

Revenue Secy says govt wanted a stable and predictable tax regime, so very little tinkering was done in the Union Budget

Top headlines: 'OMCs' margins to improve'; 1st phase of UP polls tomorrow

Here are the top headlines on Wednesday

Revenue Secretary Tarun Bajaj on revenue estimates, capital gains etc

Business Standard's Arup Roychoudhury and Asit Ranjan Mishra spoke to Revenue Secretary Tarun Bajaj to know about revenue estimates and recent taxes levied on cryptocurrencies. Let's listen in

'Sec 135AA aimed at hackers of commercially sensitive trade-related data'

'By selling commercially sensitive information, the hackers adversely impact the competitive position of Indian exporters in international trade,' says Revenue Secretary

Govt wants private companies to set up new manufacturing units fast

The government wants new domestic companies to set up their manufacturing units in India fast and hence the concessional tax rate of 15 per cent has been extended by a year till March 2024

'Allowing ITR updation for 2 yrs by paying extra tax not an amnesty scheme'

The two-year window provided to taxpayers to disclose omitted income and correct mistakes made in income tax returns, is not an amnesty scheme, Revenue Secretary Tarun Bajaj said on Wednesday

Centre releases Rs 9,871-crore revenue deficit grant to 17 states

The Central government on Thursday released Rs 9,871 crore as revenue deficit grant to 17 states including Andhra Pradesh, Kerala, Rajasthan, Punjab and West Bengal.

Shortfalls, again

Union Budget must stop relying on disinvestment proceeds

From scrapping retro tax law to record GST mop-up: 2021 for revenue dept

A record GST tax collection, an overhaul of the income tax return filing portal and the landmark move to scrap retrospective taxation have set the stage for the next level of reforms in tax admin

Net direct tax revenue rises 68% to Rs 6.92 trillion till Nov 23

The net collection between April 1 - November 23 in 2020-21 and 2019-20 fiscals was over Rs 4.12 trillion and over Rs 5.44 trillion respectively