Page 4 - Tax Revenues

Andhra Pradesh tax collection targets enhanced for additional revenue

Faced with a severe resource crunch, the Andhra Pradesh government has revised the tax collection targets to mop up an additional Rs 1,700 crore during the current financial year

Govt expecting very robust tax revenue this fiscal: Revenue Secy

The government is expecting a 'robust' tax revenue in the current fiscal on the back of better-than-expected corporate sector performance, Revenue Secretary Tarun Bajaj said

India's OECD tax deal may have revenue implications, say experts

Could mean India will have to withdraw 2% equalisation levy on firms by 2023

Centre surpasses its revenue targets but higher food subsidy cancels gains

While govt made Rs 1.16 trn more revenue, it spent Rs 1.18 trn more on food subsidy too. But it can be said that the govt used the gains it made to settle FCI arrears once and for all

Statsguru: 6 charts explain how corporate taxes help govts globally

A look at select countries - four advanced economies, three emerging markets and India - shows the extent to which corporate taxes help governments

US offer on global corporate tax deal would tie levies to revenue

OECD is trying to forge a deal among 139 countries on its plan by this summer

Central govt's tax collection on petrol, diesel jumps 300% in six years

The Lok Sabha was informed on Monday

Cess, surcharge share doubles to 19.9% of central taxes in FY21: Report

The share of cesses and surcharges in the gross tax revenue of the Centre has nearly doubled to 19.9 per cent in 2020-21 from 10.4 per cent in 2011-12

Key states turn down FM Nirmala Sitharaman's proposal to cut fuel tax

Cite constraints on revenue, already hit by Covid lockdowns; 'ball in Centre's court'

For every rupee in government kitty, 53 paise to come from taxes

36 paise from borrowings and other liabilities for every rupee in the government coffer

Raise revenues from improved tech-driven enforcement: KPMG to govt

To help resolve tax disputes, a majority of respondents feel that a mediation scheme should be introduced in the Budget to help in negotiating settlements.

Union Budget made easy: Five key things you need to know

Budget 2021: Govt stares at revenue shortfall of Rs 7 trn this fiscal year

Revenue from disinvestment has been Rs 17,958 crore this financial year, against a target of Rs 2.10 trillion

Fiscal deficit of states to hit peak of Rs 8.7 trn as tax collections slide

The Covid pandemic-induced lockdown and consequent slump in economic activity will hit tax collections of states, Crisil said

No abrupt fiscal correction must be attempted in 2021-22: TN to Sitharaman

Wants borrowing limit of states to be raised to 5%, extension of period under tax loss carry forward, among other things

Budget 2021: Gross tax revenues likely to get back on track in FY22

Gross tax revenues may be projected at around Rs 23.65 trn in the Budget, back-of-the-envelope calculations suggest

Beyond Budget Headlines: Health & education deserve more outlay, attention

Centre's debt touches 56.2% of GDP in first half of FY21, shows data

Outstanding debt was Rs 107.04 trn, 13.12% more than Rs 94.62 trn at FY20-end

Shift from rates to managing the emerging Quadrilemma

A large autonomous driver of liquidity has been RBI intervention in the foreign exchange markets.

Fiscal deficit touches 120% of full-year target as revenues plummet

Experts estimate full year's fiscal deficit between 7 per cent and 9 per cent of GDP against 3.5 per cent estimated earlier by the government