 "What is Tax Revenue")
Tax Revenue
What is Tax Revenue
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Latest Updates on Tax Revenue
ICICI Bank's board approves 19% stake sale in ICICI Merchant Services
The Board of Directors of ICICI Bank Limited ("the Bank"), at its meeting held today, approved a proposal for sale of 19% stake held in ICICI Merchant Services
 "ICICI Bank's board approves 19% stake sale in ICICI Merchant Services")
Capex contracted, revenue expenditure gained pace in October: CGA data
Experts feel that the government is likely to miss the target of Rs 11.1 trillion capital expenditure in the current financial year
 "Capex contracted, revenue expenditure gained pace in October: CGA data")
Bihar govt considering taking over Bettiah Raj land worth Rs 7,960 cr
The move is being made to ensure 'effective protection and management' of the nearly 15,358 acres of land, mostly in Bihar's East and West Champaran districts and in Uttar Pradesh
 "Bihar govt considering taking over Bettiah Raj land worth Rs 7,960 cr")
Budget 2024: State governments have stepped up capital expenditure
Devolution of central taxes among states has remained a contentious issue over cess
 "Budget 2024: State governments have stepped up capital expenditure")
Statsguru: Six charts explain govt's tax collections are beating estimates
The Budget on Tuesday is likely to increase the tax revenue projections by Rs 30,000-40,000 crore compared to the Interim Budget in February
 "Statsguru: Six charts explain govt's tax collections are beating estimates")
Trade bodies in Rajasthan seek budgetary, tax reforms to boost development
"This force should also be responsible for budgetary reforms of the state government," said Kailash Sharma, senior vice-president of ARTIA
 "Trade bodies in Rajasthan seek budgetary, tax reforms to boost development")
Business Standard Manthan: Centre-state relations emerge as talking point
Ahluwalia suggested that a portion of central taxes be set aside for this transfer and the remaining be shared between the Centre and the states
 "Business Standard Manthan: Centre-state relations emerge as talking point")
Net direct tax collections rise 20% at Rs 18.9 trillion till March 17
At Rs 18.9 trillion, collection accounted for over 97 per cent of the revised estimates at Rs 19.45 trillion
 "Net direct tax collections rise 20% at Rs 18.9 trillion till March 17")
Direct tax collection grows 20% to Rs 18.90 trillion till March 17
The net direct tax collection of Rs 18,90,259 crore(as of March 17) includes Corporation Tax (CIT) at Rs 9,14,469 crore (net of refund) and Personal Income Tax (PIT)
 "Direct tax collection grows 20% to Rs 18.90 trillion till March 17")
Govt pegs non-tax revenue from communications at Rs 1.20 trillion for FY25
The government has pegged non-tax revenue collection estimates from the communications sector at about Rs 1.20 lakh crore for 2024-25 and expects to exceed the budget estimates for the current fiscal.
 "Govt pegs non-tax revenue from communications at Rs 1.20 trillion for FY25")
Budget 2024 expectations: What stance will interim Budget 2024 adopt?
Nirmala Sitharaman's recent statement that the February 1 Budget would just be a vote on account could mean that she will uphold the convention surrounding an interim Budget
 "Budget 2024 expectations: What stance will interim Budget 2024 adopt?")
Centre may peg FY25 fiscal deficit at 5.3% in interim budget: Goldman Sachs
Interim Budget 2024: The Centre will keep a focus on increasing the capital expenditure but it will most likely be at a slower pace than earlier, says Goldman Sachs
 "Centre may peg FY25 fiscal deficit at 5.3% in interim budget: Goldman Sachs")
Uttar Pradesh tax mop-up may zoom 40% to Rs 2.62 trillion in FY24
Together, the state's composite tax and financial resources add up to Rs 5.46 trillion in FY24, up more than 17 per cent compared to the corresponding figure of Rs 4.65 trillion in FY23
 "Uttar Pradesh tax mop-up may zoom 40% to Rs 2.62 trillion in FY24")
Centre authorises release of tax devolution of Rs 72,961 cr to states
Currently, 41 per cent of taxes collected by the Centre is devolved in 14 instalments among states during a fiscal year
 "Centre authorises release of tax devolution of Rs 72,961 cr to states")
India's gross tax receipts remain robust; fiscal deficit at Rs 7.02 trn
Upward trend mainly due to spike in corporation tax mop-up
 "India's gross tax receipts remain robust; fiscal deficit at Rs 7.02 trn")
Taxpayers and the Covid impact
Govt data on direct taxes points to ways of expanding the tax net
 "Taxpayers and the Covid impact")
Early birds' Q2 profit soars, revenue growth slowest in 11 quarters
Earnings up 21.8% Y-o-Y; top line a worry
 "Early birds' Q2 profit soars, revenue growth slowest in 11 quarters")
Will exceed Budget target for direct tax: CBDT chairman Nitin Gupta
Rs 600 cr TDS comes from online gaming firms, Rs 105 cr from crypto assets
 "Will exceed Budget target for direct tax: CBDT chairman Nitin Gupta")
Preventing the mistakes of 2019
Interim Budget projections for 2024-25 should conform to standard practices of transparency, pragmatism and caution
 "Preventing the mistakes of 2019")
Fiscal constraints
Govt must generate more tax revenue
 "Fiscal constraints")
