Page 6 - Direct Tax

Direct tax mop-up rises 14.1% to Rs 8.74 trn during April-Dec 2018: FinMin

Net collections (after adjusting for refunds) have increased by 13.6% to Rs 7.43 trillion during April-December, 2018

Direct tax collections surge 15.7% to Rs 6.75 trillion in April-November

Gross collections in corporate income tax (CIT) and personal income tax (PIT) grew 17.7 per cent and 18.3 per cent, respectively

India may cross Rs 11.5 trn direct tax collection target: CBDT chief

Total tax refund so far in the current financial year stands at about Rs 950 billion

Direct tax mop-up exceeds target in FY18 at Rs 9.95 trn; 68.4 mn ITRs filed

A net of 9.95 million new assessees were added to the tax net

Report on direct tax reforms in 4-5 months: CEA Arvind Subramanian

The six-member task force will have Arbind Modi, CBDT Member (Legislation) as the convener

Direct tax code should revert to 2009 while simplifying further

The final draft - say DTC14 - had cleared all ministries but was not taken to Cabinet

Direct tax collections rise 14% to Rs 4.8 lakh cr in Apr-Nov: CBDT

Refunds amounting to Rs 1.02 lakh crore have been issued during April-November, 2017, it added

Widening of direct tax base

Notwithstanding demonetisation and GST, jury is still out on govt's ability to achieve this goal

Direct tax mop-up till February high but below target

Direct tax collection grew by 10.7 per cent in the first 11 months of this financial year (April 2016 till February 2017) over the same period a year before, less than the set target. The full-year target is Rs 8.47 lakh crore or 14.3 per cent more. With Rs 6.17 lakh crore collected in these 11 months, March has to see a 20-plus per cent growth to achieve the target.The subdued tax numbers were due to fall in growth of both corporation tax due to still-awaited recovery in the performance of companies and personal income tax in April-February compared to April-January period. "We are hopeful of achieving the target. Net tax collections have been low due to substantially higher refunds issued compared to the previous fiscal. Besides, the corporate sector is yet to show a pick-up," said a government official.Corporation tax growth was 2.6 per cent up to February, slower than the 2.9 per cent in the period to January. Personal income tax grew 20 per cent up to February, against 23.1 per ..

Mumbai, Delhi see tepid direct tax collection growth

New Delhi alone has collected a total tax amounting to Rs 74,147 crore during the reporting period

Direct tax collections till Sept grew 8.95% to Rs 3.27 lakh cr: Finance Ministry

The statement further said that till September, 2016, advance tax collections have reached Rs 1.58 lakh crore

Direct tax mop-up rises 15% to Rs 1.89 lakh crore in April-August

Gross collection of Corporate Income Tax grew at 11.55 per cent, while that under personal income tax it was 24.06 per cent

Direct tax mop up at 5.54 lakh cr, indirect at Rs 5.69 lakh cr: Govt

According to revised estimate, Rs 7.52 lakh crore was estimated to come from direct taxes and Rs 7.03 lakh crore from indirect taxes