Page 3 Direct Tax: Latest News and Updates, Top Stories, Videos, Photos About Direct Tax

Arun Jaitley Cites Higher Tax Mop Up To Dismiss Economic Slowdown Fears

Dismissing concerns of slowdown due to demonetization, Finance Minister Arun Jaitley today said both direct and indirect tax collections have shown a robust increase during the April-December period, indicating an uptick in economic activity including manufacturing. He told PTI that direct ...

CBDT Extends Deadline For Tax Settlement Scheme Till January 31

Giving companies like Vodafone and Cairn Energy one more month to accept its offer to settle retro tax disputes, the government has extended until January 31 its one-time tax dispute resolution scheme. The Direct Tax Dispute Resolution Scheme, announced by Finance ...

Tax Structure In India: Interesting Facts

"Taxes and death" is the only certainty. Take a look at this interesting article and you would realize, why the statement is so appropriate. We have just restricted to a few taxes and have ignored so many others. 1) What ...

How To Pay Income Tax And Direct Taxes Online?

Tax payers can make online payment of income tax and other direct taxes applicable by using e-payment facility where income tax payments can be made through internet, using net-banking facility. To avail of this facility the taxpayer is required to have a net-banking ...

Direct Tax Collections Up 11.38 Per cent in April-Jan

Gross direct tax collection during April-January of the Financial Year 2014-15 is up by 11.38 percent at Rs. 5,78,715 crore as against Rs. 5,19,588 crore collected during the same period last year. Gross collection of Corporate tax has shown an ...

What is the proposed Banking Transaction Tax?

The Banking Transaction Tax (BTT) is proposed to replace all other taxes in India apart from the customs duty which is levied for import and exports of goods and services. The government of the country since long has been trying to ...

FM leaves taxes unchanged

Leaving direct taxes untouched, Finance Minister P Chidambaram today slashed excise duty on cars, SUVs and two-wheelers, and capital goods and consumer durables to boost manufacturing and growth. Presenting the Interim Budget for 2014-15, he also provided service tax exemption ...

Direct tax collection up 12.33% in April-December at Rs 4.81 lakh cr

New Delhi, Jan 6:Amid a slowing economy, gross direct tax collections rose 12.33 per cent to Rs 4.81 lakh crore during the first nine months of this financial year. Direct tax collections totalled Rs 4.29 lakh crore during the April-December ...

Difference Between Direct Tax And Indirect Tax

Direct tax is a tax levied by the central and state governments in addition to some municipalities imposing some minor amount of tax on individuals and corporations as corporate tax or income tax or property tax. The direct tax is a ...

TDS accounts for 55% of total direct tax collections: M. Sailo

The tax deduction at source (TDS) currently accounts for about 55 per cent of the overall direct tax collections from across India and about 46 per cent of the direct tax collections of the Delhi region, Ms M. Sailo, chief commissioner ...

Gross direct tax collection up by 6.51%

Gross direct tax collections was marginally by 6.51% at Rs 1,64,413 during April-August of the F.Y 2012-13 crore as against Rs 1,54,361 crore in the same period last year. Gross collection of Personal Income tax was up by 17.09 per ...

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