Net direct tax collection grew 21 per cent to over Rs 4.62 lakh crore so far this fiscal, on higher advance tax payment by corporate. Illustration: Dominic Xavier/Rediff.com The first instalment......
The net direct tax collection so far this fiscal rose 19.41 per cent to Rs 14.70 lakh crore, reaching about 81 per cent of the full-year target, the income tax department said on Thursday.......
96 per cent is being collected through TDS, advance tax, self-assessment tax, and other receipts. Illustration: Uttam Ghosh/Rediff.com A smaller proportion of direct tax collections......
FinMin also exploring the option of rationalising capital gains tax rates. Arup Roychoudhury reports. Illustration: Dominic Xavier/Rediff.com The Centre is considering a gradual phasing out of......
The US launched an investigation, focusing on whether the tax in India and other countries discriminated against American companies, were retroactive, and reflected unreasonable tax policy.......