Tuesday, Nov 28, 2023 | Last Update : 07:44 PM IST

direct tax

Gross direct tax collection rises by 5 per cent till Nov: Sitharaman

The main objective of the reduction in corporate tax was aimed at attracting fresh investment in the manufacturing sector.

02 Dec 2019 7:21 PM

Tax force on direct taxes gets more time to submit report

The government has allowed the task force to submit its report by 16th of August 2019.

01 Aug 2019 10:56 AM

Direct tax mop-up may fall short of Rs 50,000 cr in FY'19, says official

The shortfall in direct tax mop-up coupled with lower GST realisation may have implications on fiscal deficit.

09 Apr 2019 5:54 PM

Direct tax collection falls short, CBDT raises alarm

CBDT frames policy for the I-T dept and is also its controlling authority that functions from the North Block in the Finance Ministry.

28 Mar 2019 10:56 AM

Net direct tax collection crosses Rs 10 lakh crore mark

Tax collection during April-January of this fiscal stood at Rs 7.89 lakh crore as against Rs 12 lakh crore targeted for 2018-19.

19 Mar 2019 1:59 PM


Govt banking on advance tax collection to meet direct tax target of Rs 12 lakh cr

Government had earlier estimated Rs 11.5 lakh crore mop-up from direct tax collection.

15 Mar 2019 3:02 PM

Govt approves Adani Power's Rs 14,000-cr J'khand SEZ project

The project was approved by highest decision making body on SEZ - Board of Approval - chaired by the commerce secretary.

03 Mar 2019 10:47 AM

New CBDT boss asks I-T dept to maximise revenue collection, get more taxpayers

Tax department has been given a target in Union budget to collect Rs 11.5 lakh cr revenue under the direct taxes category.

28 Feb 2019 11:17 AM

Panel to overhaul direct tax law seeks 3 months extension

The panel was initially supposed to submit its report to the government, within 6 months, by May 22, 2018.

27 Feb 2019 3:52 PM

IT e-returns witnesses rapid growth than the taxpayer base

The growth track in direct tax collected approximately echoes the growth in influential taxpayer base, rather than the returns filed.

25 Feb 2019 1:07 PM


Income tax returns filings rose over 37 percent in April-January

Between April to January period of the last two financial year, the growth was more subdued at 17 percent and 20 percent, respectively.

06 Feb 2019 11:09 AM

Investment in 17 entities under shipping ministry hiked to Rs 5,778 cr for FY'20

The government had proposed an investment of Rs 5,079.80 crore in the Budget for 2018-19.

03 Feb 2019 6:35 PM

Income tax rebate a logical extension of steps taken by govt: Jaitley

Piyush Goyal on Friday announced an income tax rebate on earnings of up to Rs 5 lakh.

02 Feb 2019 11:09 AM

For every rupee in govt kitty, 70 paise comes from direct, indirect taxes

The collection from GST has been pegged at 21 paise as a percentage of every rupee earned.

01 Feb 2019 3:51 PM

Budget 2019: Direct tax collection shoots up to Rs 12L cr from Rs 6.38 lakh cr

GST collections in January 2019 has crossed Rs 1 lakh crore.

01 Feb 2019 1:43 PM


North Block finds ways to meet deficit target

As per 2018-19 budget projections, the Centre is likely to finance Rs 75,000 crore of fiscal deficit from small savings.

30 Jan 2019 10:30 AM

Direct tax mop up rises 14.1 pc to Rs 8.74 lakh cr in Apr-Dec 2018

The gross collections for corporate tax is 14.8 per cent while that for personal income tax is 17.2 per cent.

07 Jan 2019 1:06 PM

Panel to redraft direct tax laws to focus on simplification

The recommendations of the panel is likely to be included in the final budget for 2019-20.

19 Dec 2018 4:32 PM

Direct tax collections surge 15.7 pc to Rs 6.75 lakh cr in Apr-Nov

Refunds worth Rs 1.23 lakh crore have been issued in the eight months of the current fiscal.

10 Dec 2018 12:52 PM

Gross direct tax collection grows 16.7 pc to Rs 5.47 lakh crore in Apr-Sept

The Central Board of Direct Taxes has collected Rs 2.10 lakh crore as advance tax.

04 Oct 2018 12:39 PM