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CIT COLLECTIONS
Income Tax department labels her stock market trader, denies investor status; she fights and wins Rs 54 crore capital loss claim at ITATDolly Khanna successfully challenged the tax department's classification of her Rs 54 crore short-term capital loss as a business loss. The...- Deloitte India could lead professional services space soon: Romal ShettyDeloitte India’s leadership believes that the future of professional services will extend beyond traditional offerings to solutions, platfo...
- Good news for taxpayers! Faster tax refunds, quicker dispute resolution, TDS framework improvements and more planned by CBDT for 2026-27Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxe...
- I-T appellate body upholds rejection of Paisabazaar’s Rs 145.91 crore expense claimPaisabazaar has received an order disallowing expenses worth Rs 145.91 crore for FY23 and FY22. The Commissioner of Income Tax (Appeals) up...
- Net direct tax collection rises 19% till Jan 11, reaches 81% of FY24 targetIndia's net direct tax collection has witnessed a significant rise of 19% to reach Rs 14.70 lakh crore as per the latest official governmen...
- Why has India’s corporate tax mop-up failed to match the pace of personal income-tax collection?India's corporate tax collection has struggled to keep pace with personal income tax in recent years due to factors such as better complian...
- Direct tax mopup surges 22.6% to Rs 16.68 lakh croreThe collection is 96.7% of the budget estimate for FY23 and 83.2% of the upward revised estimate for the year, the Central Board of Direct ...
- Gross direct tax upto March 10 at Rs 16.68 lakh crore, up by 22.58%"This collection is 96.67% of the total Budget Estimates and 83.19% of the Total Revised Estimates of Direct Taxes for F.Y. 2022-23," Centr...
- Gross direct tax revenue jumps 24.58 pc to Rs 14.71 lakh crore for FY23Direct tax collection, net of refunds, stands at Rs. 12.31 lakh crore, which is 19.55 % higher than the net collections for the correspondi...
- Direct tax collection grows 24 per cent to Rs 8.98 lakh crore till Oct 8The Finance Ministry on Sunday informed that India's direct tax collection surged 24 per cent to Rs 8.98 lakh crore between April 1 - Octob...
- Gross direct tax collections up 35.46% y/y to touch Rs 6.48 lakh crore till September 8The net collection is 37.24% of the direct tax collection estimated in the budget for this fiscal year, the Central Board of Direct Taxes s...
- Net direct tax mop-up grows 74% at Rs 5.70 lakh crore so far this fiscalGross direct tax collection for 2021-22 fiscal stands at over Rs 6.45 lakh crore, compared to Rs 4.39 lakh crore in the corresponding perio...
- Ever wondered why citrus fruits taste sour?Pulp from sour fruits contains more hydrogen ions, giving it a lower pH and a tangy taste.
- Net income tax collection rises 14.8 per cent to Rs 1.42 lakh crore in Q1The net direct tax collection represents 14.5 per cent of the total Budget Estimates of direct taxes (Rs 9.8 lakh crore) for 2017-18, the f...
- Indirect tax revenue grows 22 per cent in April-February; direct tax up 10.7%Total direct and indirect tax collections at February-end stood at Rs 13.89 lakh crore, 81.5 per cent of the target of Rs 16.99 lakh crore,...
- April-October indirect tax mop-up grows 26.7%, direct tax 10.6%Refunds amounting to Rs 93,836 crore have been issued during April-October, 32.2 per cent higher than issued in the year-ago period.
- Direct tax collections till September grow 9% to Rs 3.27 lakh croreThe gross collection of corporate income tax (CIT) grew at 9.54 per cent while it is 16.85 per cent under personal income tax (PIT).
- I-T men to promote merit of paying tax among school kidsEmphasis is to be given on how each rupee of tax collected contributes towards nation building. Black money menace is also to be explained ...
- Over Rs 3 lakh cr of direct taxes locked up in litigation: CAGOver Rs 3 lakh crore in direct taxes, which is more than the annual corporate tax collection, is locked up in litigation at various levels.
- SC allows Maya's plea for adjournment in DA caseSC allowed Mayawati's plea seeking postponement of hearing in the DA case relating to her declared wealth going up from Rs 1 crore in 2003 ...
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