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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)

I-T collection up 13 pc in Bengal and Sikkim in April-January

Target for 2017-18 is Rs 41,891 crore and the department has been able to collect 69 per cent of the target till now.

11 Jan 2018 12:44 PM IST

The Union finance ministry said that there were some complaints that the taxpayers are not being able to log on to the e-filing website of I-T department or not being able to link Aadhaar with PAN.

Direct tax collections rise 18.2 per cent in April-December

Net direct tax collections represent 67 per cent of total Budget Estimates of direct taxes for FY 2017-18.

9 Jan 2018 12:05 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Govt collects Rs 7.41 lakh cr from GST in FY18

The average monthly collection has been Rs 89,885 crore during the August-March period.

27 April 2018 12:04 PM IST

Higher opening in domestic stock market limited rupee losses. (Photo: PTI).

19.83 per cent growth in revenue collections in Q1 of this fiscal

In the first quarter of the 2017-18 fiscal, the state achieved revenue of Rs 13,374.25 crore.

7 July 2018 11:51 AM IST

Krishnamurthy Subramanian

Corporate tax cut is a signal to structural reforms: CEA

I would say that this is the time where we need to focus on implementing structural reforms, said CEA K V Subramanian.

2 Oct 2019 6:36 PM IST

Government had failed to receive its share of the Goods and Services Tax (GST) dues of Rs 1600 crore from the Centre. (Photo: DC)

Govt sets Rs 1.1 lakh cr monthly GST collection target; asks taxmen to...

Taxmen were told that both the GST and Rs 13.35 lakh crore target for direct taxes for 2019-20 will have to be achieved.

17 Dec 2019 5:43 PM IST

Personal income tax collections amounted to Rs 4.7 lakh crore last year, or 2.5 per cent of GDP.

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...

2 Dec 2019 7:21 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.

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

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.

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

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

28 Feb 2019 11:17 AM IST

Goods and Service Tax

Rising revenue trend prompted govt to peg 18 pc rise in FY20 GST...

The collection during this fiscal would be less by Rs 1 lakh crore from the Rs 7.43 lakh crore estimated in the budget...

3 Feb 2019 5:18 PM 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.

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

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

1 Feb 2019 1:43 PM 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.

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...

28 March 2019 10:56 AM IST