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TAX COLLECTION SHORTFALL
Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...- Social Security crisis 2032: Could a 22% benefit cut slash retirement income for millions of Americans if Congress fails to act?Social Security crisis 2032 is no longer a distant warning. Current projections show the trust fund could face depletion by 2032, triggerin...
- Direct tax mop-up misses FY26 target; Collections rise 5%India's direct tax collections saw a modest rise in FY26. However, the total mop-up missed the revised target by ₹81,000 crore. Both corpor...
- Social Security benefit cap proposal warning: will this new limit quietly cut how much retirees receive annually?Social Security benefits cap proposal 2026 is reshaping retirement talks in the US. A key warning shows a $230 billion annual shortfall in ...
- Liquor stocks have macro tailwinds, but will FTAs become a problem? 6 liquor stocks with an upside potential of up to 26%Supply chain disruptions caused by the US-Israel-Iran conflict have a second-order impact on several industries. The liquor sector is no ex...
- Indirect tax mop-up tops FY26 target, but pan masala cess misses the markIndia's indirect tax collections for fiscal year 2025-26 have surpassed the government's target. Customs, excise, and GST revenues showed s...
- Net direct tax kitty swells 8% on strong India Inc showNet direct tax collections have risen 8% to ₹17.05 lakh crore by December 17, driven by strong corporate tax payments and reduced refunds. ...
- Tax collection may fail to meet target for this fiscalThe government anticipates a slight dip in tax collections this financial year. This is due to recent Goods and Services Tax rate reduction...
- States may have to borrow as AG says Centre not obligated to pay for GST compensation shortfallSources said the AG in his view has said there is no obligation on the central government to pay the GST compensation shortfall from its co...
- Direct tax collections post a shortfall of 12.2%Direct tax collections declined to Rs 10.27 lakh crore in the year ended March 31, falling 12.2% short of target, people familiar with the ...
- Govt banking on advance tax collection to meet direct tax target of Rs 12 lakh crThe increase of Rs 50,000 crore in the interim Budget 2019-20 has made the task of achieving the revised target a difficult proposition for...
- GoM on revenue shortfall to study GST collection on services by statesThe panel has been formed by the GST Council to look into revenue shortfall being faced by the states post implementation of the Goods and ...
- Sushil Modi to head GoM on GST revenue shortfall faced by statesAmong the union territories, Puducherry is facing maximum shortfall of 43 per cent.
- Post-GST, tax collection in Goa drops 22%State Commercial Taxes Department, which keeps a record of tax collection, said the drop is not expected to continue in the future.
- Finmin to hold important meeting on tax collection tomorrowThe Finance Ministry will hold a high-level meeting tomorrow to review the status of direct taxes collection facing an anticipated shortfal...
- Direct tax mop up shortfall to be Rs 40,000 crore this fiscal: Hasmukh AdhiaGovt is likely to face a shortfall of Rs 30,000-40,000 cr in direct tax collection this fiscal as the mop-up in first eight months has been...
- Gross tax mop down Rs 41k cr over 2012-13 Budget EstimateThe gross tax collections fell short of the budget estimates of Rs 10.77 lakh crore by Rs 40,893 crore in the last fiscal due to economic s...
- Decline in STT collection continues, down 15% till JulyThe Securities Transaction Tax collection so far this fiscal stands at Rs 1,346 crore against Rs 1,550 crore a year ago.
- Direct tax collection off target as companies log tepid profit growthThe original target of Rs 5.32 lakh crore was nearly 19% higher than the collection of Rs 4.48 lakh crore in FY11.
- Collection of direct tax misses target againThe direct tax collection for 2009-10 fell short of target for the second time in a row due to lower payment by foreign banks and fewer mer...
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