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
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
I would say that this is the time where we need to focus on implementing structural reforms, said CEA K V Subramanian.
02 Oct 2019 6:36 PM
To a question about GST reduction, FM said she was willing to hear everybody, "but it is not in my hands as it has to go to the GST council.
28 Aug 2019 9:27 AM
Budget 2019 proposes to make return filing compulsory for persons, who have deposited more than Rs 1 cr in a current account in a year.
05 Jul 2019 2:57 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
Government had earlier estimated Rs 11.5 lakh crore mop-up from direct tax collection.
15 Mar 2019 3:02 PM
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 collection during this fiscal would be less by Rs 1 lakh crore from the Rs 7.43 lakh crore estimated in the budget for 2018-19.
03 Feb 2019 5:18 PM
GST collections in January 2019 has crossed Rs 1 lakh crore.
01 Feb 2019 1:43 PM
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
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 total number of cases where service tax was evaded stood at 1,145 involving Rs 22,973 crore.
21 Nov 2018 3:36 PM
The integration of the e-way bill system with FASTag and LDB is expected to help boost tax collections.
19 Nov 2018 3:04 PM
During 2017-18 fiscal, the direct tax to GDP ratio at 5.98 per cent is the best in the last 10 years.
25 Oct 2018 11:12 AM
The number of direct taxpayers was 3.8 crore when the Modi-led government took office in May 2014.
12 Oct 2018 12:35 PM
The Central Board of Direct Taxes has collected Rs 2.10 lakh crore as advance tax.
04 Oct 2018 12:39 PM
E-commerce companies will from Oct 1 have to deduct 1 per cent tax collected at source before making payments to their suppliers.
29 Sep 2018 11:23 AM
Direct tax collections grew a paltry 4.2 per cent on year to Rs 1.54 lakh crore in April-June.
17 Sep 2018 3:33 PM
Finance Minister also expressed the government's confidence in maintaining a growth rate higher.
17 Sep 2018 10:58 AM