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Page 7 - Latest Updates on Tax Collection

Will ask govt to make employers' contribution tax-free in Budget: PFRDA

Pension fund regulator PFRDA will propose to the government to make employers' contribution of 14% under NPS tax free for all categories of subscribers in the next Budget

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Updated On : 15 Nov 2020 | 2:57 PM IST

Tax mop-up showing signs of pick up, economy on revival path: Finance Secy

Pandey said the generation of e-way bills, needed for transportation of goods, is back to pre-Covid levels and online payments have risen exponentially

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Updated On : 01 Nov 2020 | 3:58 PM IST

MFs, alternative investment funds may come under ambit of new tax norms

0.1% tax collected at source may hit funds, investors

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Updated On : 21 Oct 2020 | 6:05 AM IST

Equalisation levy posts 35% growth; overall tax collection remains muted

Direct tax, net of refunds, contracted by 24 per cent as of October 8 to Rs 3.66 trillion compared with Rs 4.8 trillion in the corresponding period last year.

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Updated On : 10 Oct 2020 | 12:20 AM IST

Google tax collection rises 18% after second instalment deadline

There is a possibility of some upward revision in the number based on last-minute payments by foreign players

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Updated On : 09 Oct 2020 | 1:36 AM IST

Lower tax collected at source rate on funds remitted for education

But a higher rate will be levied if PAN isn't furnished

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Updated On : 07 Oct 2020 | 12:46 AM IST

Most firms not ready for new Tax Collected at Source regime: Survey

Four out of five anticipate issues in applicability of the new provisions

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Updated On : 29 Sep 2020 | 11:28 PM IST

Top headlines: Tax growth picks up for cos in Q2; RBI defers MPC meet

From RBI's MPC meeting prep to Govt's plan to club unviable airports with main ones, here are top headlines this morning

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Updated On : 29 Sep 2020 | 7:05 AM IST

Total tax collection falls 22.5% till Sept 15 to Rs 2,53,532 cr: Report

Total tax collection of the Centre, including advance tax collection for the second quarter, fell 22.5% to Rs 2,53,532 crore till September 15 of the current fiscal as compared to the year-ago period

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Updated On : 16 Sep 2020 | 3:11 PM IST

West Bengal govt may reduce 30 % tax on liquor amid declining sales

The West Bengal has levied 30 per cent tax on liquor when wine shops reopened after the nationwide lockdown due to the Covid-19 pandemic

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Updated On : 19 Aug 2020 | 11:23 PM IST

Faceless tax scrutiny will ease compliance burden, increase fairness: FM

In a series of tweets, the Finance Ministry said the I-T department has taken up several reforms to make tax compliance easier for taxpayers

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Updated On : 13 Aug 2020 | 1:34 PM IST

Compute tax demand for all assessees by August 31, says CBDT chief

Many taxpayers are waiting to file applications under 'Vivad Se Vishwas' scheme, but they are also waiting for correct demand to be intimated to them, says P C Mody

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Updated On : 02 Aug 2020 | 12:34 PM IST

Late advance tax payments by corporate heavyweights give govt a breather

First quarter advance tax collection from India Inc has been revised upward to Rs 39,880 crore from initial mop up of Rs 8,572 crore

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Updated On : 18 Jun 2020 | 4:02 AM IST

Q4 corporate earnings disappoint amid lockdown, point to worse quarters

Combined revenues of 410 firms declined 6%, while profit before tax fell 35%

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Updated On : 08 Jun 2020 | 1:50 AM IST

Reimagining GST for the post-Covid era

Revival of economic activity should overwhelm its agenda

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Updated On : 04 Jun 2020 | 11:49 PM IST

E-way bills in May treble from April levels; Still behind pre-March levels

This indicates that GST revenue for May, but collected in June, could recover after reporting a close to 85% shortfall in April vis-a-vis last year

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Updated On : 03 Jun 2020 | 1:25 AM IST

Direct tax mop-up rises 39% amid sharp decline in disbursement of refunds

Collections may come under pressure once the base effect wears off

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Updated On : 25 Jun 2020 | 9:22 AM IST

Centre considers market borrowing for GST compensation to states

Raising GST rates or rationalisation of tax slabs may be discussed by the GST Council in the next meeting to be scheduled early next month.

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Updated On : 21 May 2020 | 2:23 AM IST

FM Nirmala Sitharaman's TDS, TCS move will not ease tax burden: Experts

The move will help release liquidity worth Rs 50,000 crore, according to government estimates. Experts, however, feel that its impact will be limited as tax incidence remained the same.

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Updated On : 14 May 2020 | 1:30 AM IST

Saudi Arabia triples taxes, cuts $26 bn in costs amid Covid-19 pandemic

Despite efforts to diversify the economy, the kingdom continues to rely heavily on oil for revenue.

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Updated On : 12 May 2020 | 2:23 AM IST