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TAXPAYER STATISTICS INDIA
India's growing Rs 100 crore club tells a bigger tax storyMore than five hundred taxpayers disclosed incomes exceeding one hundred crore rupees for the current fiscal year. This growth reflects ris...- LTCG tax hurting small investors? Why Budget 2026 should rethink capital gains reliefBudget 2026 might offer relief on long-term capital gains tax for lower-income individuals. Experts suggest targeted exemptions or investme...
- 61,000 crorepati taxpayers added in last one yearIndia saw a significant rise in wealthy taxpayers. Over 61,000 new individuals joined the crorepati club, bringing the total to 351,000. Th...
- 'Rich' Gujarat not even in top 10 high-taxpayer states, falling even behind JharkhandIncome tax data for 2024-25 reveals surprising disparities in India's middle class. Jharkhand outperforms Gujarat in the proportion of taxp...
- Tax overhaul fuels five-fold surge in refunds as processing time shrinks to 17 daysIndia's tax administration has undergone a significant transformation, marked by a five-fold increase in income tax refunds and a three-fol...
- Income Tax refunds jump 474% since 2013-14, issuance time improves in past 11 yearsIndia's Income Tax refunds have surged by 474% over the past 11 years, reaching Rs 4.77 lakh crore in 2024-25, outpacing the 274% growth in...
- Budget 2025: Settlement scheme like Vivad Se Vishwas needed to clear high backlog of legal tax disputes, say expertsBudget 2025: Schemes like Vivad Se Vishwas need to continue to clear huge legal backlog. Further rationalisation measures for income tax as...
- ITR filing due dates extended again, to December 31, 2021This is the third such extension provided by the government this year. The government had extended the deadlines last year as well when the...
- View: The making of a caring economyThe starting point is defining where people need help. Progressive nations such as New Zealand, Britain and the US have identified personal...
- GST Annual Return filing date extended. This is what taxpayers need to do nextTaxpayers should not procrastinate and use the additional three months to ensure issues are sorted and compliances are met with.
- India's crorepati count up at 81,000; expands 68% in 3 years: CBDTSimilarly, it said, the number of individual taxpayers disclosing income above Rs 1 crore had increased during the same period from 48,416 ...
- Be a service provider: Income tax department has to stop being judge, jury and executionerHarassment of taxpayers is also caused by fixing collection targets for individual officers. When 90% of collection comes from advance tax ...
- Delayed release of electronic ITR forms may compel CBDT to extend the filing deadlineThe last date to file ITR is July 31, 2018 and almost a third of the time is over. The CBDT has not released the utility for filing of retu...
- Now, link Aadhaar with PAN through ID proof scan, OTPThe tax department will start educating taxpayers from this week through media outreach on ways to link the PAN with Aadhaar, official said.
- Britain set to end aid to IndiaThe British government is set to cut millions of pounds in aid to India as the two countries develop "a new kind of relationship" centered ...
- Digital India: Soon national sample surveys, economic census, other data to be made available for freeAt present, the government charges fees for providing data from the national sample surveys, Annual Survey of Industries and the economic c...
- MNCs can now find out tax dues in advance on deals with India armsIndia has allowed MNCs to ascertain potential tax liability relating to transactions with Indian arms, to help address transfer pricing dis...
- CBDT unveils guidlines for advance pricing arrangementsThe Central Board of Direct Taxes, the apex direct taxes body, has announced the guidelines for advance pricing arrangements (APAs), markin...
- Pune has 16,000 millionaires nowPune, the emerging IT hub of India, now boasts of having at least 16,000 millionaires. If the statistics collated by the income tax departm...
- Mystery of the missing 220 millionIf Dr Watson were to chronicle this mystery he might well be tempted to call it ‘The Mystery Of The Missing 220 million’.
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