Net direct tax collection reaches ₹13.73 lakh crore, 83% of revised estimate for FY23

Net direct tax collection reaches ₹13.73 lakh crore, 83% of revised estimate for FY23

Image for representation purpose only. | Photo Credit: Getty Images/iStockphoto Net direct tax collection so far this fiscal grew 17% to reach ₹13.73 lakh crore, which is 83% of the revised target for the full financial year, the Central Board of Direct Taxes (CBDT) said on March 11. The growth in direct tax mop-up, which […]

Continue Reading
Net direct tax collection rises 16.8%, reaches closer to Budget target for 2022-23

Net direct tax collection rises 16.8%, reaches closer to Budget target for 2022-23

The uptick in net Personal Income Tax collections continued to outstrip Corporate Income Tax flows, rising 20.73% year-on-year compared to a 13.62% increase in the latter. File | Photo Credit: The Hindu India’s net direct tax kitty had risen 16.8% to touch ₹13.73 lakh crore by Friday, reflecting a slight dip in growth over the […]

Continue Reading
I-T dept alleges business, tax irregularities against Dolo-650 maker

I-T dept alleges business, tax irregularities against Dolo-650 maker

The makers of the tablet were accused of indulging in “unethical practices” and distributing freebies of about ₹1,000 crore to doctors in exchange for promoting products made by them The makers of the tablet were accused of indulging in “unethical practices” and distributing freebies of about ₹1,000 crore to doctors in exchange for promoting products […]

Continue Reading
Number of income tax returns rising: CBDT Chairman

Number of income tax returns rising: CBDT Chairman

Central Board of Direct Taxes Chairman Sangeeta Singh said the number of income tax returns last fiscal was 7.14 crore against 6.9 crore in the preceding financial year Central Board of Direct Taxes Chairman Sangeeta Singh said the number of income tax returns last fiscal was 7.14 crore against 6.9 crore in the preceding financial […]

Continue Reading