Page 4 - Revenue Department

Rising offshore revenue to be growth huge lever for years: Coforge CEO

The IT solutions provider has posted a consolidated net profit of Rs 220.6 crore for Q2FY23, up 36.6% YoY. Its revenue growth was driven by offshoring expansion

Tech Mahindra Q2 net down 4% YoY to Rs 1,285 cr on supply side pressure

Profit was up sequentially, however; Revenue rose 20.7% YoY and 3.3% QoQ, driven by growth in CME segment and the US market

Centre's fiscal deficit in H1 touches 37.3% of full-year target

The Centre is hopeful of keeping the fiscal deficit at 6.4 per cent of nominal GDP in FY23

L&T Q2 net profit rises 22.5%, revenue up 23% on strong order inflows

In Q2, the company gained from strong order inflows in the domestic market, with consolidated revenue from operations increasing by 23 per cent to Rs 42,763 crore in the period

Eveready PAT dips 52% to Rs 15 cr on non-cash charge of unamortised fees

Company says the charge will even out for the full year; revenue up 5% to Rs 376 cr

Over 24 prominent charitable institutions in India may face tax scrutiny

Govt may modify charity-related tax clauses to plug lacunae

GST Council likely to meet in Dec, may take up report on e-game tax

The Council meeting was expected to be held in August in Madurai

Sanjay Malhotra succeeds Bajaj as revenue secy; Giridhar named defence secy

Road Transport and Highways Secretary Aramane Giridhar has been named the new defence secretary as part of a top-level bureaucratic reshuffle effected by the Centre on Wednesday. Giridhar, a 1988-batch Indian Administrative Service (IAS) officer of the Andhra Pradesh cadre, has been appointed as Officer on Special Duty in the Department of Defence. He will take over as secretary of the Department of Defence after the retirement of Ajay Kumar on October 31, a personnel ministry order said. National Highways Authority of India chairperson Alka Upadhyaya will be the new road and transport secretary replacing Giridhar. Secretary in the Department of Financial Services Sanjay Malhotra will be the new revenue secretary. He has been appointed as Officer on Special Duty in the Department of Revenue. The officer will take over as secretary, Department of Revenue, after Tarun Bajaj completes his term on November 30. Registrar General of India and Census Commissioner, Ministry of Home Affa

Wipro's Q2 profit slips 9.2% amid high employee costs; revenue up 14.6%

Attrition for the quarter was at 23 per cent, down from 23.3 per cent from last quarter

Maharashtra revenue department set for facelift with blockchain technology

A government office with piles of documents lying scattered and files gathering dust is a common sight. But, the Maharashtra revenue department will not look like that in a couple of years as it is set for a transformation by adopting the blockchain technology. This digital method of storing records in a business network will enable district collectorates to have a faster documentation process and also save cost, officials told PTI. At the Global Fintech Fest held in Mumbai last month, Maharashtra Deputy Chief Minister Devendra Fadnavis said the role of governance, especially in the revenue department, is going to change forever in the next two-three years. "The blockchain technology is going to save a lot of time of a district collector, who has to spend significant time in conducting hearings related to errors in documents. There will be no typical or conventional role left for a collector once we completely shift to the blockchain technology-based documentation, he said. The ..

India's April-August fiscal deficit recorded at 32.6% of FY23 target

Sabnavis said the progress till August shows that the government's accounts are on course compared with last year

Centre releases revenue deficit grant of Rs 7,183 cr to 14 states

The Commission has recommended a total PDRD grant of Rs 86,201 crore to 14 states for 2022-23.

Revenue dept working on a mechanism to plug capital gains tax leakage

In past few years, cases of capital gains tax evasion through stock market transactions have been probed

Revenue dept services in Uttar Pradesh to be available on Umang app soon

Aimed at enabling citizens to easily access government services on a single platform, the Uttar Pradesh government is all set to make services provided by the Revenue department available

No plan to extend deadline for filing income tax returns: Revenue Secretary

The government is not considering extending the last date for filing income tax returns as it expects most returns to come in by the due date of July 31, a top official said

11 districts DMs asked to carry out 'ground truthing' of desilted drains

The district magistrates of 11 revenue districts in the national capital have been asked to carry out 'ground truthing' of desilting of drains carried out by the Department of Flood and Irrigation

Centre moots ruling authority to fix direct tax liability, settle disputes

Revenue dept to take up measures to boost tax-to-GDP ratio to 15-20%

Revenue spend may be cut to limit slippage: Finance secretary TV Somanathan

To compensate for impact of over Rs 1.5 trn on account of measures announced to rein in inflation, including cut in fuel prices and Customs duty exemption: Somanathan

'Illegal' property worth Rs 21 cr belonging to UP ex-MLC's aide attached

A joint team of police and revenue department on Sunday attached alleged illegal property worth Rs 21 crore registered in the name of former MLC Haji Iqbal's aide. The property was registered in the name of Naseem and it was attached under the provisions of the Gangster Act, police said. Iqbal was a Bahujan Samaj Party MLC from 2010 to 2016. Iqbal, who headed the gang, was indulged in smuggling wood, illegal mining, threatening people and using fraudulent means to purchase government and non-government land, and registering them in the names of his aides, family members, relatives and even servants, Senior Superintendent of Police Akash Tomar told PTI. He had amassed money from criminal activities and purchased a number of properties in Behat area of Saharanpur, the SSP said. In another case, property worth Rs 4 crore in Barabanki district, belonging to drug smuggler Mohammad Saheem alias Kasim, too, was attached on Sunday, Additional Superintendent of Police, Barabanki, Manoj Kum

Maharashtra's revenue from property registrations to hit all-time high

Within the first 11 months of FY22, the state has earned Rs 5,671 crore from property registrations, which is 63 per cent higher than Rs 3,474 crore in FY21