Budget 2020: Government Asks Opinions on Tax Rates and Duties

In what happens to be the for the first time, the government…

Government to announce income tax amnesty scheme for tax evaders

The direct tax revenues collections have risen by only 3% so far…

IT department seeks a cut of Rs 1 trillion in FY20 direct tax revenue targets

According to a report published by Business Standard, the income tax department…
CBDT

Direct Tax Data Show Wealth Concentrated in 3 Indian States

Followed by the Prime Minister’s statement of making India a $5 trillion…

Brief Revenue Analysis Before and After GST Implementation

Before the implementation of GST, Indirect Taxes constituted Service Tax, Central Excise,…

Tax for Middle-Income Earners Likely to Change under Direct Tax Code

In November 2017, the Indian government formed a task force to evaluate…

Fiscal deficit exceeds 61% of the target within the first quarter

The government has released data stating that the fiscal deficit for the…

Central Board of Direct Taxes rolls out plan for financial year 2020

The Central Board of Direct Taxes (CBDT) has released its action plan…

Budget 2019 Impact: Super Rich to Pay Higher Taxes

With the announcement of the Union Budget 2019, it evident that the…

CBDT amends audit reports for Charitable Trusts to increase scrutiny

The Central Board of Direct Taxes (CBDT) has drafted a notice to…