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Rohinton Sidhwa

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Direct tax mop-up rises 21% to Rs 4.62 lakh cr

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......

Rs 15 Trillion In Direct Taxes Comes Via Automatic Route

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......

Net direct tax collection grows 19% so far in FY24

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.......

Budget 2022: Phasing out of some tax exemptions likely

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......

Google tax: India likely to face US trade action

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.......

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