Direct Tax Collections Up 20.25% by February 10

India’s direct tax collections jumped to Rs 15.60 lakh crore till February…

Income-Tax Returns Filers More Than Double To 7.78 Crore in 10 Years

There has been a significant spike in the number of taxpayers filing…

Net Direct Tax Mop-Up Spikes 19% to Rs 14.7 Lakh-Crore Until January 10

The Revised Estimate (RE) for direct tax collection in the Interim Budget…

Net Direct Tax Collection Surges by 22% to Rs 9.57 Lakh Crore

The net direct tax collections surged by 21.82% year-on-year (YoY) to more…

CBDT directs employers to ask preferred tax regime of employees for TDS deduction

The Central Board of Direct Taxes (CBDT) issued a circular directing employers…

Taxes one has to pay when making money online

Online businesses are booming and gaining popularity not alone in India but…

Direct Tax Revenues Increase by 68% to Rs.6.92 Lakh Crore

Between 1st April and 23rd November 2021, the net direct tax collections…

Government Collects Rs.2.41 Lakh Crore From Income Tax in Q1

The Finance Ministry stated that the government collected over Rs.1.01 lakh crore…
Tax Exemption

CBDT extends the due dates of certain direct tax compliances

CBDT has acted proactively by extending the major tax filing due dates.…

Union Budget 2021-22: Personal Tax Amendments

The Union Budget 2021-22 was presented on the 1st of February 2021…