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direct tax news

India's net direct tax collections fall 1.3% during April 1-July 10

The government said it had issued tax refunds worth 1.01 trillion rupees during the period.
india news
Updated on Jul 11, 2025 10:36 PM IST

CBDT to closely monitor top taxpayers, crack down on bogus deductions

CBDT has instructed IT officials to monitor top advance taxpayers to boost direct tax collections this financial year
business
Published on May 04, 2025 03:01 PM IST

Terms of Trade: Why we should stop hyperventilating about the Budget

PREMIUM
Union finance minister Nirmala Sitharaman before presenting Budget 2024 on February 1, 2024. (Sanchit Khanna/ HT File Photo)
business
Updated on Jan 30, 2025 12:22 PM IST

Tax defaults in India rise by 1000% in last 10 years, litigations double: Report

Tax defaults in India skyrocketed by 1000% in the last ten years and associated litigation has also consequently risen (Representational Image/Pixabay)
business
Published on Aug 04, 2024 07:56 PM IST

Direct tax collections for FY 2024-25 surge by over 20%

Representational
business
Published on Jun 18, 2024 07:58 PM IST

Budget 2024: What are direct taxes? Types and significance

Examples of direct taxes include income tax, real property tax, personal property tax, and taxes on assets. (Representational Image)
business
Published on Jan 07, 2024 11:09 PM IST

Direct tax collections rise 16% to ₹6.53 lakh crore so far this fiscal

The collection is 32.03 per cent of the total budget estimates of direct taxes for current fiscal 2023-24
business
Published on Aug 11, 2023 07:39 PM IST

Gross direct tax collections grew 24% to ₹15.67 lakh crore this fiscal

The revised estimates for the current fiscal pegged direct tax revenues at ₹16.50 lakh crore.
business
Published on Feb 11, 2023 02:19 PM IST

Budget 2023: What is Direct Tax? Meaning, types and significance

The two major direct taxes are income tax and corporate tax.
business
Published on Jan 24, 2023 07:36 PM IST

Gross direct tax revenue jumps nearly 24% this fiscal

The provisional figures of direct tax collections up to October 8 continued to register “steady” growth, finance ministry said in a statement. (Representative use)
business
Updated on Oct 10, 2022 04:59 AM IST

Direct tax collection jumps 24% in first half of FY23

Tax on corporate and individual income makes up for direct taxes.
business
Published on Oct 09, 2022 12:47 PM IST

Direct tax kitty grows 30% to ₹8.36 lakh crore on higher advance tax mop-up

For April-September, advance tax collection grew 17 per cent to ₹2.95 lakh crore. This includes advance tax payout by corporate taxpayers of ₹2.29 lakh crore.
business
Published on Sep 18, 2022 05:10 PM IST

Net direct tax collections jump 45 per cent till June 16 in 2022-23

Representative image. 
business
Published on Jun 17, 2022 06:06 PM IST

Centre set to exceed ₹11.08 lakh crore direct tax collections: CBDT chief

The Centre aims to collect ₹12.05 lakh crore as direct taxes before the end of this financial year
business
Published on Feb 03, 2022 04:06 PM IST

Net direct tax collections surge 61% to ₹9.45L crore till Dec 16

The gross direct tax collections for 2021-22 (as on December 16, 2021), which is before adjusting for refunds, stands at ₹10,80,370.2 crore compared to ₹7,33,715.2 crore in the corresponding period of the previous financial year.
business
Published on Dec 18, 2021 12:04 AM IST

Centre extends the deadline to file tax returns to Dec 31

In a relief to small and middle-class taxpayers in the matter of payment of self-assessment tax, the due dates for payment have been extended.
business
Published on Oct 25, 2020 12:57 AM IST

I-T Dept issues refunds worth Rs 1.01 lakh crore to 27.55 lakh taxpayers till September 8

The government has emphasised on providing tax related services to taxpayers without any hassles during the Covid-19 pandemic, and accordingly has been clearing up pending tax refunds.
business
Published on Sep 09, 2020 06:05 PM IST

Drive on voluntary tax compliance from Monday

CBDT said under the e-campaign the taxpayers will be able to access details of their high value transaction related information on the designated portal.
business
Updated on Jul 19, 2020 01:00 AM IST

New Form 26AS to have details of high-value financial transactions: CBDT

Part E of the form would now show different fields such as type of transaction, name of SFT filer, date of transaction, single/joint party transaction, number of parties, amount, mode of payment and remarks etc. photo:pradeep gaur/mint
business
Published on Jul 18, 2020 05:04 PM IST

CBDT allows taxpayers to regularise past I-T returns

This is an opportunity for the taxpayers to regularise their tax returns filed for various past years which had the risk of being considered as non-est for want of verification. (HT Photo)
india news
Updated on Jul 14, 2020 08:56 PM IST

IRS officers pitch 40% tax rate plus Covid relief cess, under probe

The two officials, who both requested anonymity, said the government had “summarily” dismissed the suggestions which it judged as ill-conceived.
india news
Updated on Apr 27, 2020 12:27 AM IST

Don’t miss March 31 deadline for linking PAN-Aadhaar: I-T Dept

The department had last month said Permanent Account Number (PAN) will become “inoperative” if it is not linked with Aadhaar by this date.
business
Updated on Mar 16, 2020 04:51 PM IST

Vivaad se Vishwas: Govt officials gear up to free Rs 9L-cr stuck in disputes

In her budget speech on February 1, finance minister Nirmala Sitharaman announced the scheme to resolve direct tax disputes pending in various forums
india news
Updated on Feb 06, 2020 02:22 AM IST

Ensure GST collection is Rs 1.1 lakh crore every month, government tells officials

Government also told the officers to exhort themselves to reach the target of Rs 13.5 lakh crore in direct taxes.
business
Updated on Dec 17, 2019 04:23 PM IST

CBDT extends all ITRs filing deadline for J-K, Ladakh UTs to Nov 30

CBDT on Thursday extended the deadline for filing of all kinds of income tax returns to November 30 in the newly-created Union Territories of Jammu and Kashmir, and Ladakh
india news
Updated on Oct 31, 2019 10:10 PM IST

Businesses over Rs 50 crore must have electronic payment mode from November 1: CBDT

In order to facilitate both companies and their clients, the government has decided to “prescribe” certain modes of payments for the purposes of “Section 269SU,” it said.
business
Updated on Oct 18, 2019 09:54 PM IST

I-T notices without computer generated identification numbers invalid, says finance minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman at a press conference after her meeting with Private Sector Banks and other Financial Institutions in New Delhi on Thursday.
business
Updated on Oct 02, 2019 03:49 PM IST

How to file ITR online if you are a salaried employee

A lot of information that you are required to fill in ITR-1 form will be pre-filled.
india news
Updated on Jun 23, 2020 08:58 PM IST

No differential regime, tax body clarifies on foreign portfolio investors

The CBDT clarified that the Friday announcement to roll back higher surcharge on foreign and domestic portfolio investors have not created any differential regime between foreign portfolio investors (FPIs) and domestic investors
business
Published on Aug 28, 2019 12:26 PM IST

No change in tax forms, says I-T dept; 1.38 cr returns filed already

Even though the utility is being updated regularly to provide ease to taxpayers, the returns filed by using the previous version of utility will continue to be valid, CBDT said.
india news
Updated on Jul 16, 2019 10:25 PM IST
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