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RECOVERY OF OUTSTANDING TAX
India's lending boom might no longer be largely bank-ledIndia's private credit market is booming, doubling in five years to $25 billion as companies seek alternatives to traditional bank loans fo...- 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...
- Reliance Industries' Q4 profit dips 8% as Mideast war bites at oil businessReliance Industries reported an 8.1% drop in March quarter profit. Geopolitical issues impacted the energy business. However, telecom and r...
- Stocks in news: SBI Life, Trent, Tata Investment, HCL Tech, Suzlon EnergyIn today's trade, shares of SBI Life, Trent, Tata Investment, HCL Tech, Suzlon Energy among others will be in focus due to various news dev...
- Recovery of income-tax dues doubles to Rs 20,000 crore in Q1The Central Board of Direct Taxes (CBDT) has significantly ramped up its recovery efforts, collecting ₹20,000 crore in outstanding dues in ...
- One time tax settlement scheme 2025 by Haryana govt: Get up to Rs 1 lakh rebate and full waiver of interest and penaltyHaryana One time tax settlement scheme 2025 (OTS): The Haryana Government has released some FAQs on the tax due settlement scheme under whi...
- CBDT recovers Rs 92,400 crore in outstanding taxThe Central Board of Direct Taxes (CBDT) recovered ₹92,400 crore in outstanding tax for the financial year 2024-25 until March 15. This inc...
- Pending GST tax dues recovery under amnesty scheme likely to be Rs 6,000 cr: Ajit PawarMaharashtra's Deputy Chief Minister, Ajit Pawar, announced an amnesty scheme for state GST dues. The scheme aims to recover Rs 6,000 crore,...
- Taxman recovers Rs 35,500 crore outstanding from April to SeptemberThe Central Board of Direct Taxes (CBDT) has collected ₹35,500 crore in outstanding taxes between April and September of this fiscal year. ...
- Delhi HC set to pass order on Cong's pleas against tax re-assessment proceedingsDelhi High Court to rule on Congress party's tax challenge involving over Rs 520 crore 'escaped' income. Justices Varma and Kaurav's decisi...
- I-T recovers ₹73,500 cr in pending billsThe income tax department has recovered ₹73,500 crore of pending dues in the current financial year up to March 15, with corporate tax dues...
- 133 companies owe over Rs 3,39,704 crore to exchequer: Arun Jaitley"The number of companies with outstanding corporate tax dues of Rs 500 crore or more is 132 as on March 31, 2017, involving total dues of R...
- HC stays over Rs 411 crore income tax demanded from NokiaThe high court listed Nokia's plea, filed through advocate Rony John, for further hearing on July 25.
- Just 17 individuals owe a whopping Rs 2.14 lakh crore tax arrearsJust 17 individuals have a whopping Rs 2.14 lakh crore as outstanding tax arrears, with each of them owing more than Rs 1,000 crore.
- Tax dues from companies at Rs 4.85 lakh crore: Finance MinistryThe statute also provides for attachment of movable or attachment and sale of immovable properties for recovery of tax dues.
- Outstanding tax demand up at Rs 5.75 lakh crore in FY'14The minister said that as far as direct taxes are concerned, raising of demand and collection/recovery of outstanding dues is a continuous ...
- Corporates owe over Rs 2.46 lakh cr in taxes: GovtCorporate houses owe a staggering Rs 2,46,416 crore in taxes and the I-T department has devised a strategy to recover them, Parliament was ...
- Over Rs 4.18 lakh crore outstanding in I-T arrears till December: Finance MinisterThis includes tax arrears of Rs 1,16,773.77 crore by major defaulter Hassan Ali Khan, Chandrika Tapuriah and (Late) Harshad S Mehta, FM sai...
- 12 persons account for 90% of total income tax duesThe finance ministry today said income tax dues from 12 individuals, including stud-farm owner Hasan Ali Khan, account for 90 per cent of t...
- I-T arrears stood at Rs 2,48,927 crore: FinminThe total income tax arrears in the country stood at Rs 2,48,927 crore on April 1, 2010, and the Central Board of Direct Taxes (CBDT) is ta...
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