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Latest Articles in direct tax
Expectations Of Taxpayers From Budget 2021
A tax rate jump of 5% to 20% at the barrier of ₹5 lakh is a big leap affecting the mind-set of taxpayers. The taxation at the barrier point of ₹5 lakh needs to be revisited in the old regime.
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Direct Tax Practitioners Seek Extension of SEBI settlement scheme till March
SEBI launched the Settlement Scheme 2020 in July to provide one-time settlement opportunity to the entities that have executed trade reversals in the stock options segment of BSE during the period from April 1, 2014 to September 30, 2015 against whom any proceedings are pending.
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Advance Tax Collection Falls 31 % In June Quarter
Gross direct tax collection fell a full 31 per cent to Rs 1,37,825 crore in the first quarter of FY21, down from Rs 1,99,755 crore in the June 2019 quarter
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Nirmala Sitharaman To Move Direct Tax Vivad Se Vishwas Bill In Lok Sabha
Sitharaman had earlier on February 5 introduced the bill which provides for a mechanism for resolution of pending tax disputes in the lower house of the Parliament.
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Budget Proposes Wide-Ranging Facilitation Measures In Direct Tax Regime
Referring to several measures taken to reduce tax litigations, Sitharaman said that in the last Budget, Sabka Vishwas Scheme was brought in to reduce litigation in indirect taxes.
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Direct Tax Collection Falls Short, CBDT Raises Alarm
CBDT frames policy for the I-T dept and is also its controlling authority that functions from the North Block in the Finance Ministry
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Panel To Redraft Direct Tax Laws To Focus On Simplification
The recommendations of the panel is likely to be included in the final budget for 2019-20
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Direct Tax Collections Surge 15.7 Percent To Rs 6.75 Lakh Crore In Apr-Nov
The net direct tax collections represent 48 per cent of the total budget estimates of direct taxes for the financial year 2018-19 (Rs 11.50 lakh crore)
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Direct Tax Collections Rise 18.2 Percent In Apr-Dec
Direct taxes are made up of income tax paid by individuals, wealth tax and corporation tax paid by companies
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I-T Dept Launches 'Online Chat' To Answer Taxpayers Queries
A team of experts from the department and independent tax practitioners has been deputed to answer the general queries of a taxpayer. This first-time initiative is aimed to enhance taxpayer services in the country
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Direct Tax Collection Saw 19% Hike: Finance Ministry
Collections of direct taxes, which are made up of personal and corporate taxes, soared to Rs 1.90 lakh crore in April-July, an official statement said
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Old Central Excise Building In Churchgate Name Changed To GST Bhavan
Old Central Excise Building in Churchgate, Mumbai name has been changed to GST Bhavan. GST will come to action from 1st July, so the Mumbai BJP activist are welcoming GST with ‘Band Baja’.
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Reforming India’s Tax Regime
Raise the exemption limit to Rs 5 lakh and free up that army of 42,000 tax officials to chase assessees in higher slabs which account for 86 per cent of annual tax collections
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Government To Meet FY16 Tax Revenue Target, Says Hasmukh Adhia
The tax collections between April-January show an increase of 33 per cent in indirect tax and 10.9 per cent in direct tax
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