Fri, Nov 23, 2018
Following decline in oil prices, the country's current account deficit (CAD) is expected to touch 2.6 per cent of GDP in the current fiscal against an earlier expectation of 2.8 per cent, a report said.
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Thu, Oct 04, 2018
On Thursday, Finance Minister said that the gross direct tax collection in the first six months of the financial year grew 16.7 per cent to Rs 5.47 lakh crore.
Tue, Sep 12, 2017
Four months into this fiscal year and the direct tax collections may have increased but the percentage of personal income tax growth was less than half of the year ago period.
Mon, Aug 07, 2017
Central Board of Direct Taxes (CBDT) said, "As a result of demonetisation and Operation Clean Money, there is a substantial increase in the number of Income Tax Returns(ITRs) filed. The number of Returns filed as on 05.08.2017 stands at 2,82,92,955 as against 2,26,97,843 filed during the corresponding period of F.Y. 2016-2017, registering an increase of 24.7% compared to growth rate of 9.9% in the previous year."
Thu, Jul 06, 2017
Key Highlights: Direct tax collections rose 14.8%, at Rs 1.42 lakh crore Personal income tax rose 12.9% before refunds
Mon, Apr 10, 2017
The Income Tax Department of Mumbai has missed the revenue mop-up target of Rs 2.79 trillion for the financial year 2016-17 on account of more refunds given to tax payers.
Tue, Apr 04, 2017
The ministry said, "As against the Revised Estimate, the provisional figure of tax collection is Rs 17.10 lakh crore, which is a growth of around 18% compared to last."
Fri, Mar 10, 2017
The Government of India's net refunds of direct tax collection from April to February 2016-17 has risen 10.7% to Rs 6.17 lakh crore as compared to same period last year.
Tue, Jan 31, 2017
The cash squeeze in the meantime will have significant implications for GDP, reducing 2016-17 growth by ¼ to ½ percentage points compared to the baseline of 7%, the Economic Survey said.
Mon, Jan 23, 2017
Following the demonetisation move, the recast in direct tax moves is expected to give a boost the economy.
Mon, Jan 09, 2017
Jaitley also said that Centre is in talks with banks to discuss Merchant Discount Rate (MDR) issue.
Wed, Jan 04, 2017
Finance Minister Arun Jaitley on Wednesday expressed confidence that direct and indirect tax mop-up will surpass Budget estimate of Rs 16.3 lakh crore by March-end.
Tue, Aug 09, 2016
Direct tax collections amounted to Rs 1.59 lakh crore up to July 2016. Net collections of direct taxes is 24.01% up till July 2016.
Fri, Jul 08, 2016
The figures for direct tax collection up to June, 2016 indicates net revenue collection of Rs 1.24 lakh crore which is a growth of 24.79% over the corresponding period last year.
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