Page 6 - Direct Tax

Govt reworking strategy to enhance direct tax mop-up: CBDT member

CBDT member Akhilesh Ranjan, who headed a panel on the new direct tax law, said corporation tax rate in India is somewhat higher - compared to international standards - and must be reduced

Direct Tax Code may help bring change in mindset of taxpayers, authorities

The Direct Tax Code may help initiate the much-needed change in the mindset of taxpayers and authorities, say experts

Enhanced limits to reduce pending direct tax litigation in one stroke

The CBDT circular has come at an appropriate time. It will provide much needed respite to business entities and taxpayers

Direct tax collection sees dismal growth; mid-August mop-up growth under 5%

The collections had shot up that year because people regularised their unaccounted income by paying higher levies

Committee submits report on replacing I-T Act with Direct Tax Code

The recommendations made by task force headed by CBDT member Akhilesh Ranjan have not been made public.

Budget impact: Direct tax proposals are futuristic and far reaching

Tax exemption on withdrawal from NPS at the time of closure or opting out will be enhanced from 40% to 60%

Budget 2019: India Inc grim over customs, direct tax surcharge uptick

Industry captains, experts at CII, FICCI praise some measures; say government could have done much more

Direct tax mop-up reaches Rs 11.5 trn against revised target of Rs 12 trn

The collection figures are expected to go up as the tax collection continues till midnight, said a government official in the know

Govt faces direct tax mop-up shortfall, collects Rs 4 trn as advance tax

RS 4 trillion collected in advance tax; SBI, ONGC, PNB top the list

DTC panel is likely to get one more month to draft the law, says official

The panel is likely to recommend a structure of rates for corporate taxes that is competitive across the south Asian economic region

Direct tax mop-up at Rs 7.88 trillion in April-Jan: Govt informs House

The collection had stood at Rs 4.69 trillion in the entire 2017-18

Direct taxes to exceed target of Rs 11.5 trillion in 2018-19: CBDT chairman

In 2017-18, the revised estimate was higher than the Budget Estimate by 2.6%

Direct tax mop-up rises 14.1% to Rs 8.74 trn during April-Dec 2018: FinMin

Net collections (after adjusting for refunds) have increased by 13.6% to Rs 7.43 trillion during April-December, 2018

Direct tax collections surge 15.7% to Rs 6.75 trillion in April-November

Gross collections in corporate income tax (CIT) and personal income tax (PIT) grew 17.7 per cent and 18.3 per cent, respectively

India may cross Rs 11.5 trn direct tax collection target: CBDT chief

Total tax refund so far in the current financial year stands at about Rs 950 billion

Direct tax mop-up exceeds target in FY18 at Rs 9.95 trn; 68.4 mn ITRs filed

A net of 9.95 million new assessees were added to the tax net

Report on direct tax reforms in 4-5 months: CEA Arvind Subramanian

The six-member task force will have Arbind Modi, CBDT Member (Legislation) as the convener

Direct tax code should revert to 2009 while simplifying further

The final draft - say DTC14 - had cleared all ministries but was not taken to Cabinet

Direct tax collections rise 14% to Rs 4.8 lakh cr in Apr-Nov: CBDT

Refunds amounting to Rs 1.02 lakh crore have been issued during April-November, 2017, it added

Widening of direct tax base

Notwithstanding demonetisation and GST, jury is still out on govt's ability to achieve this goal