Direct Tax Data

Direct tax refunds down 10% amid Covid-19 pandemic, says CBDT

Only withheld refunds where assessee reply is awaited, says CBDT

India faces first fall in direct taxes in at least two decades: Report

Government was targetting direct tax collection of Rs 13.5 trillion ($189 billion) for the year ending March 31 - a 17% increase over the prior fiscal year

Firms opting for lower tax regime can't adjust accumulated credits on MAT

The ordinance to cut the corporation tax rate has said MAT provisions will not apply to a company which has exercised the option for a lower rate of tax

Statsguru: Some insights on govt's direct tax revenue collection in FY18

Direct taxes, as a share of total tax revenue, rose to 55 per cent, close to its average level in the last few years

Slowdown blues: Direct tax mop-up growth slumps to 3.5% till mid-October

A combination of factors is responsible. This includes a deepening of the general economic slowdown and corporation tax cuts

'Crorepatis' rise by 16,345 in AY19: Here's a look at direct tax data

However, their proportion to total tax filers remained stagnant at 0.17% in both the years

Direct tax collection sees dismal growth; mid-August mop-up growth under 5%

The collections had shot up that year because people regularised their unaccounted income by paying higher levies

The rise of direct taxes

The fall in the share of direct taxes may have been caused as much due to their tepid growth rates of 9% and 7% in 2014-15 and 2015-16, respectively