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
The government has allowed the task force to submit its report by 16th of August 2019.
01 Aug 2019 10:56 AM
The shortfall in direct tax mop-up coupled with lower GST realisation may have implications on fiscal deficit.
09 Apr 2019 5:54 PM
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
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
Government had earlier estimated Rs 11.5 lakh crore mop-up from direct tax collection.
15 Mar 2019 3:02 PM
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
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
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
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
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
The government had proposed an investment of Rs 5,079.80 crore in the Budget for 2018-19.
03 Feb 2019 6:35 PM
Piyush Goyal on Friday announced an income tax rebate on earnings of up to Rs 5 lakh.
02 Feb 2019 11:09 AM
The collection from GST has been pegged at 21 paise as a percentage of every rupee earned.
01 Feb 2019 3:51 PM
GST collections in January 2019 has crossed Rs 1 lakh crore.
01 Feb 2019 1:43 PM
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
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
The recommendations of the panel is likely to be included in the final budget for 2019-20.
19 Dec 2018 4:32 PM
Refunds worth Rs 1.23 lakh crore have been issued in the eight months of the current fiscal.
10 Dec 2018 12:52 PM
The Central Board of Direct Taxes has collected Rs 2.10 lakh crore as advance tax.
04 Oct 2018 12:39 PM