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CBDT has made available in the Compliance Module on the e-filing portal of the Income Tax Department the information relating to the identified non-filers.

Task force gets deadline extension to present report on tax laws

CBDT highlighted that the task force will now be required to submit its report by August 22.

23 May 2018 8:43 AM IST

The gross collections, before adjusting for refunds, rose 14.5 per cent to Rs 8.83 lakh crore during 11 month period of the current financial year. Refunds amounting to Rs 1.39 lakh crore have been issued till February.

Direct tax collection rises 19.5 per cent in February

The growth rate for net corporate tax collections stood at 19.7 per cent while for personal income tax is 18.6 per cent.

9 March 2018 12:31 AM IST

The e-filing facility for ITR-1, which is to be enabled from April 1, will have an online tax calculator and ITRs can be filed till the stipulated deadline of July 31.

Direct tax collection rises 19.5 pc to Rs 7.44 lakh cr in April-Feb

Net direct tax collection represents 74.3 pc of Rs 10.05 lakh cr as per revised estimates given in Union Budget 2018-19.

8 March 2018 4:57 PM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

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 IST

The income tax department on Wednesday came out with draft notification for fresh registration of trusts who have carried out modification of their objects. (Photo: PTI)

IT Dept extends date for sending suggestions on new direct tax

CBDT said that the term for sending suggestion and feedback has been extended by a period of three months.

29 May 2018 8:53 AM IST

The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

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 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.

Hope to cross Rs 11.5 lakh cr direct tax collection target for FY19:...

Direct tax collections grew a paltry 4.2 per cent on year to Rs 1.54 lakh crore in April-June.

17 Sept 2018 3:33 PM IST

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

Direct tax collection at Rs 1.80 lakh crore till mid-July

Govt aims to widen tax base and collect Rs 9.8 lakh crore through direct taxes in 2017-18.

1 Aug 2017 6:37 PM IST

Finance Minister Arun Jaitley

Direct tax collections in April-July at Rs 1.90 lakh crore

This direct tax collection is 19.5 per cent of total budget estimates of direct taxes for FY18.

9 Aug 2017 6:12 PM IST

Finance Minister Arun Jaitley

Tax framework may undergo major changes in Budget

Care Ratings estimates Government to levy tax between 12 per cent and 18 per cen on services.

23 Jan 2017 6:21 PM IST

Finance Minister Arun Jaitley

Direct tax collection up over 12 per cent in April-Dec: Jaitley

Finance Minister says for most of the states VAT collections have also increased for period under review.

9 Jan 2017 12:38 PM IST

The Bengal Excise (Amendment) Bill, 2016, has merged sales tax and excise duty on liquor into one. (Representational Image)

Direct tax kitty swells to Rs 5.57 lakh cr in Apr-Dec

Tax Deducted at Source (TDS) has seen a jump of 15 per cent as compared to 11.43 per cent last year.

29 Dec 2016 7:33 PM IST