GST Collection At Rs 1.55 Lakh Cr In Jan, Second Highest-Ever
New Delhi- The GST collection in January surged to over Rs 1.55 lakh crore, the second highest-ever mop-up, the finance ministry said on Tuesday.
"The...
Capital Gains Tax Should Be Rationalised; Need Simpler ITR Form For Disclosing Such Income:...
New Delhi- The Budget should bring in a simpler income tax return form for assessees having only capital gains or dividend or interest income,...
Increase Tax Rebate Benefits For Consumption Expenditure In Budget: PHDCCI
New Delhi- Industry body PHDCCI on Tuesday sought increase in the tax rebate benefits for consumption expenditure, reduction in the cost of doing business...
Direct Tax Collection Grows 24.58% To Rs 14.71 Lakh Crore Till Jan 10
New Delhi- The country’s gross direct tax collection rose 24.58 per cent to Rs 14.71 lakh crore till January 10 this fiscal, buoyed by an...
Allow Deductions, Hike Threshold For Levying Peak 30% Tax: Experts
NEW DELHI- Investments in PPF and other tax savings schemes should be allowed as deductions, and the threshold for 30 per cent tax should...
Optional Tax Regime Aims To Provide Relief To Low-Income Bracket People: FM
New Delhi- Finance Minister Nirmala Sitharaman on Friday said the optional income tax regime with seven tax slabs was brought in by the government...
Govt Hikes Windfall Tax On Crude Oil, Export Of Diesel, ATF
NEW DELHI- The government has raised the windfall profit tax levied on domestically produced crude oil as well as on the export of diesel...
GST Collection In J&K Up By 28% In December
SRINAGAR- The Union Territory of Jammu and Kashmir has registered a substantial growth in collection of Goods and Services Tax (GST) in the month of...
GST Revenues Grow 15% To Nearly Rs 1.50 Lakh Cr In Dec
New Delhi- The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022,...
Corporate Tax To GDP Ratio Exceeds 3% After Two Years In FY’22
New Delhi- Corporate tax collections exceeded 3 per cent of the GDP after a gap of two years in 2021-22, reflecting overall improvement in...