Direct Tax
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Foreign Assets Disclosure Scheme: Tax, Eligibility, Rs 1 Crore Limit, Deadlines - Key FAQs Answered
The scheme comes into force on August 16, 2026, with declarations open till December 31, 2026, and asset values to be computed as on a valuation date of March 31, 2026.
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Direct Tax Mop-Up Rises 23% In FY27 So Far Amid Strong Corporate, Individual Contributions
India’s net direct tax collection rose 23.09% year-on-year to Rs 8.11 lakh crore till August 10, with corporate and non-corporate taxes both recording strong growth.
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India's Net Direct Tax Mop-Up Rises 9.4% To Hit Rs 19.43 Lakh Crore So Far In FY26
India's gross direct tax collection increased 4.09% to Rs 22.78 lakh crore till February 10 of FY26.
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Tax Collection Should Be Smooth Process With Minimum Discomfort To Taxpayer: President Murmu
The President said that the recent Goods and Services Tax reforms introduced in September this year represent a landmark step in reshaping India’s taxation system.
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India's Net Direct Tax Collection Jumps 6% To Nearly Rs 12 Lakh Crore In FY26 So Far
The gross direct tax collection between April 1 and Oct. 12 of the ongoing fiscal stood at Rs 13.92 lakh crore.
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Advance Tax Collection Shows Muted Growth; Corporates Up 6.1%, Individuals Down 7.3%
Despite the relatively muted growth, officials remain confident of meeting the government’s direct tax collection target for FY’26.
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India's Direct Tax Collections Jump 9.18% To Rs 10.8 Lakh Crore Over Fewer Refunds
While gross tax collections also grew, the reduced outflow of refunds was the main driver of the positive net collection figure
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Advance Tax Growth Slows To 4% In Q1 FY26, Net Direct Tax Collection Dips 1.3%
The slowdown is primarily attributed to a dip in collections from non-corporate taxpayers, which stood at around Rs 34,000 crore as of June 19.
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FM To Review GST, Customs, Direct Tax Administration; Focus On Refunds, Litigation And Accountability
The meetings underscore a strategic push to build a taxpayer-centric, technology-enabled, and accountable tax ecosystem.
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Net Direct Tax Collections Up By 13.13% To Rs 21.26 Lakh Crore
Net corporate tax collection increased 7% to Rs 9.69 lakh crore between April 1, 2024, and March 16, 2025.
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Net Direct Tax Collection Grows 14.69% To Over Rs 17.78 Lakh Crore
Net direct tax kitty swells 15 pc to Rs 17.78 lakh crore till Feb 10
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Net Direct Tax Collection Grows 14.69% To Over Rs 17.78 Lakh Crore
Net direct tax kitty swells 15 pc to Rs 17.78 lakh crore till Feb 10
-
Budget 2025: Nirmala Sitharaman Says Will Introduce New Income Tax Bill Next Week
A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said Saturday as she presented the Union Budget 2025.
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What Is Direct Tax Code And How It Is Different From Income Tax Act, 1961
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.
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Is There New, 'Simpler' Income Tax Act In Budget 2025? What Sources Said
The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced separately, and not as part of the Union Budget to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning.
-
Foreign Assets Disclosure Scheme: Tax, Eligibility, Rs 1 Crore Limit, Deadlines - Key FAQs Answered
The scheme comes into force on August 16, 2026, with declarations open till December 31, 2026, and asset values to be computed as on a valuation date of March 31, 2026.
-
Direct Tax Mop-Up Rises 23% In FY27 So Far Amid Strong Corporate, Individual Contributions
India’s net direct tax collection rose 23.09% year-on-year to Rs 8.11 lakh crore till August 10, with corporate and non-corporate taxes both recording strong growth.
-
India's Net Direct Tax Mop-Up Rises 9.4% To Hit Rs 19.43 Lakh Crore So Far In FY26
India's gross direct tax collection increased 4.09% to Rs 22.78 lakh crore till February 10 of FY26.
-
Tax Collection Should Be Smooth Process With Minimum Discomfort To Taxpayer: President Murmu
The President said that the recent Goods and Services Tax reforms introduced in September this year represent a landmark step in reshaping India’s taxation system.
-
India's Net Direct Tax Collection Jumps 6% To Nearly Rs 12 Lakh Crore In FY26 So Far
The gross direct tax collection between April 1 and Oct. 12 of the ongoing fiscal stood at Rs 13.92 lakh crore.
-
Advance Tax Collection Shows Muted Growth; Corporates Up 6.1%, Individuals Down 7.3%
Despite the relatively muted growth, officials remain confident of meeting the government’s direct tax collection target for FY’26.
-
India's Direct Tax Collections Jump 9.18% To Rs 10.8 Lakh Crore Over Fewer Refunds
While gross tax collections also grew, the reduced outflow of refunds was the main driver of the positive net collection figure
-
Advance Tax Growth Slows To 4% In Q1 FY26, Net Direct Tax Collection Dips 1.3%
The slowdown is primarily attributed to a dip in collections from non-corporate taxpayers, which stood at around Rs 34,000 crore as of June 19.
-
FM To Review GST, Customs, Direct Tax Administration; Focus On Refunds, Litigation And Accountability
The meetings underscore a strategic push to build a taxpayer-centric, technology-enabled, and accountable tax ecosystem.
-
Net Direct Tax Collections Up By 13.13% To Rs 21.26 Lakh Crore
Net corporate tax collection increased 7% to Rs 9.69 lakh crore between April 1, 2024, and March 16, 2025.
-
Net Direct Tax Collection Grows 14.69% To Over Rs 17.78 Lakh Crore
Net direct tax kitty swells 15 pc to Rs 17.78 lakh crore till Feb 10
-
Net Direct Tax Collection Grows 14.69% To Over Rs 17.78 Lakh Crore
Net direct tax kitty swells 15 pc to Rs 17.78 lakh crore till Feb 10
-
Budget 2025: Nirmala Sitharaman Says Will Introduce New Income Tax Bill Next Week
A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said Saturday as she presented the Union Budget 2025.
-
What Is Direct Tax Code And How It Is Different From Income Tax Act, 1961
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.
-
Is There New, 'Simpler' Income Tax Act In Budget 2025? What Sources Said
The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced separately, and not as part of the Union Budget to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning.
