direct tax

Bandhan Bank Customers Can Now Pay Direct Taxes Online --All You Want To Know

Bandhan Bank customers can now pay their Direct Taxes through the Bank’s Retail Internet Banking, Corporate Internet Banking and Payment Gateway.

Jun 28, 2024, 12:05 PM IST

Direct Tax Collections At 80.23% Of Total Revised Estimates Of Direct Taxes For FY 23-24

Refunds amounting to Rs. 2.77 lakh crore have been issued during 1st April, 2023 to 10thFebruary, 2024.

Feb 12, 2024, 09:25 AM IST

Decoding Budget Terms: What Is Direct Tax? Definition, Types, And More - Check Here

Direct tax is a straightforward concept -- it is a tax paid directly by individuals or organizations to the government based on their earnings.

Jan 11, 2024, 18:14 PM IST

Net Direct Tax Collections Grow 18% To Rs 16.61 Lakh Cr In FY23, Exceeding RE

The provisional figures of direct tax collections for the financial year (FY) 2022-23 show that net collections are at Rs 16.61 lakh crore.

Apr 03, 2023, 21:19 PM IST

PT1M28S

DNA: What facilities government has provided in lieu of taxes?

In the financial year 2021-22, the Government of India had received Rs 27 lakh crore as tax. Of these, Rs 14 lakh crore was received by the government in the form of direct tax and Rs 13 lakh crore in the form of indirect tax. But what facilities government has provided in return?

Jul 07, 2022, 01:42 AM IST

Direct tax collections expected to breach Rs 12.50 lakh crore target: CBDT chairman

Multiple reasons like "easing" of tax compliance processes for tax payers and enhanced ability of the taxman in data processing were cited by him for mopping up these high-volume of collections under two major heads -- corporate tax and personal income tax.

Feb 03, 2022, 16:23 PM IST

Direct tax collections jump over 100% so far in FY22 despite COVID-19 led economic disruption

Corporation Tax (CIT) at Rs 74,356 crore (net of refund) and Personal Income Tax (PIT) including Security Transaction Tax (STT) at Rs. 1,11,043 crore (net of refund) compromise the net direct tax for FY22.

Jun 16, 2021, 17:02 PM IST

Government extends certain timelines in light of the raging COVID-19 pandemic

It has also been decided that the time for payment of amount payable under the Direct Tax Vivad se Vishwas Act, 2020, without an additional amount, shall be further extended to 30th June, 2021. Notifications to extend the above dates shall be issued in due course.

Apr 24, 2021, 12:54 PM IST

Net Direct Tax collections for FY 2020-21 at Rs 9.45 lakh crore

Refunds amounting to Rs. 2.61 lakh crore have been issued in the F.Y. 2020-21 as against refunds of Rs. 1.83 lakh crore issued in the F.Y. 2019-20, marking an increase of approximately 42.1% over the preceding Financial Year.

Apr 09, 2021, 18:04 PM IST

Faceless assessment, taxpayers' charter, faceless appeal service: Here is what Income Tax filers must know

Know all about Faceless assessment, taxpayers' charter and faceless appeal service.

Aug 18, 2020, 10:21 AM IST

PM Narendra Modi launches platform for Transparent Taxation, says new tax platform will expedite tax refunds

PM Modi said that faceless assessment and taxpayers' charter are being implemented from today while faceless appeal service will be available from September 25.

Aug 13, 2020, 12:47 PM IST

Faceless assessment, taxpayers' charter implemented from today; faceless appeal service will be available from September 25: PM Modi

The faceless scrutiny assessment has been devised for greater transparency, greater efficiency and accountability.

Aug 13, 2020, 12:27 PM IST

PM Narendra Modi to launch platform for Transparent Taxation today; FM Sitharaman says it is important step for Indian taxation

Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman and Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur will also be present on the occasion.

Aug 13, 2020, 09:29 AM IST