Page 2 - Tax Revenues

Top headlines: India Inc divided over new apps, tax revenues at record high

Business Standard brings you the top headlines this morning

India's tax revenues soar to a record high of Rs 27.07 trillion in FY22

In terms of tax buoyancy, the overall tax buoyancy was 1.9 in FY22, with direct tax buoyancy at 2.8 and indirect tax buoyancy at 1.1.

Budget 2022-23: Directors may face tax recovery heat, say experts

The proposal in the Finance Bill to amend provisions of Section 179 of the Income Tax (I-T) Act from April 1, 2022, could increase risks for directors of medium and small-sized firms, said experts.

Budget 2022: For every rupee in govt coffer, 58 paise to come from taxes

The government is also looking to earn 7 paise for every rupee from Union excise duty and 5 paise from customs duty

What is Revenue Budget?

The govt is now giving final touches to the contours of Union Budget 2022. The Budget can be classified into two parts -- the Capital Budget and the Revenue Budget. Find out what is Revenue Budget

Centre expects tax revenues to be above 10% budget target: Officials

India's economy grew 20.1% between April and June, versus a 24.4% contraction during the same period last year.

States' tax revenues lower than two years ago as demand for spending rises

An analysis of 17 states shows that while states' revenue spending in April-June 2021 was 14% higher than the same period in 2019, own revenues were 8% lower

Andhra Pradesh tax collection targets enhanced for additional revenue

Faced with a severe resource crunch, the Andhra Pradesh government has revised the tax collection targets to mop up an additional Rs 1,700 crore during the current financial year

Govt expecting very robust tax revenue this fiscal: Revenue Secy

The government is expecting a 'robust' tax revenue in the current fiscal on the back of better-than-expected corporate sector performance, Revenue Secretary Tarun Bajaj said

India's OECD tax deal may have revenue implications, say experts

Could mean India will have to withdraw 2% equalisation levy on firms by 2023

Centre surpasses its revenue targets but higher food subsidy cancels gains

While govt made Rs 1.16 trn more revenue, it spent Rs 1.18 trn more on food subsidy too. But it can be said that the govt used the gains it made to settle FCI arrears once and for all

Statsguru: 6 charts explain how corporate taxes help govts globally

A look at select countries - four advanced economies, three emerging markets and India - shows the extent to which corporate taxes help governments

US offer on global corporate tax deal would tie levies to revenue

OECD is trying to forge a deal among 139 countries on its plan by this summer

Central govt's tax collection on petrol, diesel jumps 300% in six years

The Lok Sabha was informed on Monday

Cess, surcharge share doubles to 19.9% of central taxes in FY21: Report

The share of cesses and surcharges in the gross tax revenue of the Centre has nearly doubled to 19.9 per cent in 2020-21 from 10.4 per cent in 2011-12

Key states turn down FM Nirmala Sitharaman's proposal to cut fuel tax

Cite constraints on revenue, already hit by Covid lockdowns; 'ball in Centre's court'

For every rupee in government kitty, 53 paise to come from taxes

36 paise from borrowings and other liabilities for every rupee in the government coffer

Raise revenues from improved tech-driven enforcement: KPMG to govt

To help resolve tax disputes, a majority of respondents feel that a mediation scheme should be introduced in the Budget to help in negotiating settlements.

Union Budget made easy: Five key things you need to know

Budget 2021: Govt stares at revenue shortfall of Rs 7 trn this fiscal year

Revenue from disinvestment has been Rs 17,958 crore this financial year, against a target of Rs 2.10 trillion