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India Pegged As Top Source Market For London's Ambitious New 'Growth Plan'
London has unveiled an ambitious new 'growth plan' to provide an estimated 27 billion pounds extra tax revenue to fund vital public services in London, with India pegged as its number one source market in terms of foreign direct investment (FDI).
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Income, Corporate Taxes To Grow By 10.5% To Rs 18.23 Lakh In FY24
The government on Wednesday projected a 10.5 per cent growth in revenues from corporate and individual income tax to Rs 18.23 lakh crore in the next fiscal.
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Budget 2023: For Every Rupee In Government Coffer, 58 Paise Will Come From Taxes
Budget 2023: For every rupee in the government coffer, 58 paise will come from direct and indirect taxes, 34 paise from borrowings and other liabilities, 6 paise from non-tax revenue like disinvestment.
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Revenue Service Officer Nitin Gupta Is New Central Board of Direct Taxes Chairman
Indian Revenue Service (IRS) officer Nitin Gupta has been appointed as the new CBDT chairman, a recent government order said.
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Tax Collections Touched Rs 27.07 Lakh Crore In 2021-22: Revenue Secretary
Tax collections touched a record high of Rs 27.07 lakh crore in 2021-22 as mop-up from income and other direct taxes as well as indirect taxes jumped
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JB Mohapatra Gets Additional Charge Of Tax Body CBTD Chairman
JB Mohapatra, a 1985-batch Indian Revenue Service officer, was given the additional charge as Central Board of Direct Taxes (CBDT) chairman after the extended tenure of incumbent PC Mody ended, a government order said.
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"Pressure, Unclear Promotion Rules": Tax Officials Warn Of Lower Collections
Prime Minister Narendra Modi's government is pushing to shore up revenue as the country's once-booming economy grows at roughly 11-year lows.
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G20 Officials Call for Unity to Tax Tech Giants
Leading world economies must show unity in dealing with aggressive "tax optimisation" by global digital giants like Google, Amazon, and Facebook, G20 officials said on Saturday.
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Direct Tax Collection Target Scaled Down In Budget; New Slabs To Benefit Taxpayers: CBDT Chairman
"Those (earlier) estimates have been revised in the budget and our new target would be about Rs 11.80 lakh crore, which I am pretty confident that we will achieve," the CBDT Chairman told PTI in a post-budget interview.
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Government Faces First Fall In Direct Taxes In At Least Two Decades: Report
A sharp decline in demand has stung businesses, forcing companies to cut investment and jobs, denting tax collections.
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Employee Who Levelled Charges Against Top Tax Official Gets Promoted
Days after her tiff with the CBDT chief made headlines, it has now emerged that the Indian Revenue Service (IRS) officer Alka Tyagi has been promoted to a higher rank and posted at the tax department's training academy in Nagpur.
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Income Tax Department Asked To Maximise Revenue Collection, Boosts Taxpayer Base
The central government had earlier this month appointed PC Mody as the chairman of CBDT.
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Agencies Can Snoop On Any Computer, Says Centre's Order, Triggering Alarm
Investigating agencies will have sweeping powers to intercept and monitor data on computers after a new home ministry order put out on Thursday. Ten central agencies have been equipped with powers of "interception, monitoring and decryption of any information generated, transmitted, received or stored in any computer," in the order signed by Home S...
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Filing Of Income Tax Returns Rises 50% So Far This Year
The Income Tax Department has sent two crore SMSes to people who had not filed returns or those whose income did not match with their filings.
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"Positive Impact Of Notesban": High Growth Rate Highlight Of Tax Report
The Income Tax Department has mopped up over half the kitty of the targeted direct tax revenue for this fiscal -- at more than Rs 6.63 lakh crore -- riding at a record "high growth rate of last seven years" that was also propelled by demonetisation, a latest report of the CBDT has said.
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India Pegged As Top Source Market For London's Ambitious New 'Growth Plan'
London has unveiled an ambitious new 'growth plan' to provide an estimated 27 billion pounds extra tax revenue to fund vital public services in London, with India pegged as its number one source market in terms of foreign direct investment (FDI).
-
Income, Corporate Taxes To Grow By 10.5% To Rs 18.23 Lakh In FY24
The government on Wednesday projected a 10.5 per cent growth in revenues from corporate and individual income tax to Rs 18.23 lakh crore in the next fiscal.
-
Budget 2023: For Every Rupee In Government Coffer, 58 Paise Will Come From Taxes
Budget 2023: For every rupee in the government coffer, 58 paise will come from direct and indirect taxes, 34 paise from borrowings and other liabilities, 6 paise from non-tax revenue like disinvestment.
-
Revenue Service Officer Nitin Gupta Is New Central Board of Direct Taxes Chairman
Indian Revenue Service (IRS) officer Nitin Gupta has been appointed as the new CBDT chairman, a recent government order said.
-
Tax Collections Touched Rs 27.07 Lakh Crore In 2021-22: Revenue Secretary
Tax collections touched a record high of Rs 27.07 lakh crore in 2021-22 as mop-up from income and other direct taxes as well as indirect taxes jumped
-
JB Mohapatra Gets Additional Charge Of Tax Body CBTD Chairman
JB Mohapatra, a 1985-batch Indian Revenue Service officer, was given the additional charge as Central Board of Direct Taxes (CBDT) chairman after the extended tenure of incumbent PC Mody ended, a government order said.
-
"Pressure, Unclear Promotion Rules": Tax Officials Warn Of Lower Collections
Prime Minister Narendra Modi's government is pushing to shore up revenue as the country's once-booming economy grows at roughly 11-year lows.
-
G20 Officials Call for Unity to Tax Tech Giants
Leading world economies must show unity in dealing with aggressive "tax optimisation" by global digital giants like Google, Amazon, and Facebook, G20 officials said on Saturday.
-
Direct Tax Collection Target Scaled Down In Budget; New Slabs To Benefit Taxpayers: CBDT Chairman
"Those (earlier) estimates have been revised in the budget and our new target would be about Rs 11.80 lakh crore, which I am pretty confident that we will achieve," the CBDT Chairman told PTI in a post-budget interview.
-
Government Faces First Fall In Direct Taxes In At Least Two Decades: Report
A sharp decline in demand has stung businesses, forcing companies to cut investment and jobs, denting tax collections.
-
Employee Who Levelled Charges Against Top Tax Official Gets Promoted
Days after her tiff with the CBDT chief made headlines, it has now emerged that the Indian Revenue Service (IRS) officer Alka Tyagi has been promoted to a higher rank and posted at the tax department's training academy in Nagpur.
-
Income Tax Department Asked To Maximise Revenue Collection, Boosts Taxpayer Base
The central government had earlier this month appointed PC Mody as the chairman of CBDT.
-
Agencies Can Snoop On Any Computer, Says Centre's Order, Triggering Alarm
Investigating agencies will have sweeping powers to intercept and monitor data on computers after a new home ministry order put out on Thursday. Ten central agencies have been equipped with powers of "interception, monitoring and decryption of any information generated, transmitted, received or stored in any computer," in the order signed by Home S...
-
Filing Of Income Tax Returns Rises 50% So Far This Year
The Income Tax Department has sent two crore SMSes to people who had not filed returns or those whose income did not match with their filings.
-
"Positive Impact Of Notesban": High Growth Rate Highlight Of Tax Report
The Income Tax Department has mopped up over half the kitty of the targeted direct tax revenue for this fiscal -- at more than Rs 6.63 lakh crore -- riding at a record "high growth rate of last seven years" that was also propelled by demonetisation, a latest report of the CBDT has said.
