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Cash recovered by Income Tax department from a bank locker in Pune. (Photo: PTI)

Direct tax collections rise 15.8 per cent to Rs 3.86 lakh crore in...

CBDT reveals growth in personal income tax, PIT, advance tax is 30.1 per cent.

11 Oct 2017 4:18 PM IST

Indian Finance Minister Arun Jaitley speaks at a event organized by US-India Strategic Partnership Forum and FICCI in Boston (Photo: PTI)

Ficci urges govt to bring down corporate tax to 28 pc in Budget

Government is scheduled to come out with the Budget for 2018-19 on February 1.

5 Jan 2018 10:10 AM IST

Reserve Bank Governor Urjit Patel

RBI still remains cautious

The good news is that private investment is picking up after languishing for nearly two years.

8 Feb 2018 2:17 AM IST

Terming the MSME sector as the backbone of the economy, Finance Minister Arun Jaitley on Saturday said the sector would lead the current consolidation phase of the economy. (Photo: PTI)

No 25 per cent tax for big firms soon, hints Arun Jaitley

Jaitley also said the states are not in favour of including petrol and diesel into GST at the moment.

6 Feb 2018 5:37 AM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

Big corporates cry foul over no tax relief in budget 2018

Jaitley in budget for 2018-19 announced lowering of corporate tax rate to 25 pc for businesses with a turnover of up to...

2 Feb 2018 5:28 PM IST

Developers have expressed dissatisfaction that no tax deductions for homebuyers were made in the budget.

PPP will improve rural healthcare'

Experts said that a dedicated fund for affordable housing would bring in more homes at rural areas.

2 Feb 2018 2:45 AM IST

The International Monetary Fund (IMF) on Wednesday approved a USD 6 billion loan for Pakistan. (Photo: AFP)

'Positive impact on investment': IMF supports India's corporate tax...

IMF said India should address continued fiscal consolidation and secure long-term stability of the fiscal conditions.

19 Oct 2019 8:46 AM IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

Cos opting for new lower tax can't claim MAT credit, other deductions:...

The section does not provide any timeline for companies to opt for the new regime of lower tax rate.

3 Oct 2019 9:18 AM IST

Chief Economic Adviser K V Subramanian. (Photo: Twitter)

Cut in corporate tax rate important for investments: CEA Subramanian

India's economy grew at 5 per cent in the first quarter of 2019-20 -- the slowest pace in over six years.

29 Nov 2019 12:12 PM IST

Finance Minister Nirmala Sitharaman

Centre to invest Rs 100 lakh crore in new infra projects to boost...

PM Narendra Modi has taken various measures since 2014 to boost economic growth, including cutting the corporate tax.

1 Dec 2019 3:32 PM IST

Normally, the deadline to file your income tax returns is July 31 every year. This year, as it often does, the government extended the deadline to August 31.

Corporate tax may be cut to 25 per cent for turnover up to Rs 500 cr

Companies above Rs 250 crore turnover currently pay a basic corporate tax rate of 30 per cent.

16 Jan 2019 11:18 AM IST

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

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.

7 Jan 2019 1:06 PM IST