Direct tax mop-up rises 6.77 percent in April-June
July 9th, 2012 - 6:53 pm ICT by IANS
New Delhi, July 9 (IANS) Collections from direct taxes rose by 6.77 percent to Rs.1,11,182 crore during the first quarter of the current financial year as compared to Rs.1,04,135 crore ... Read more...
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Personal income tax collection up 10.02 percent in April-May
June 13th, 2012 - 8:01 pm ICT by IANS
New Delhi, June 13 (IANS) The gross collection of personal income tax rose 10.02 percent during April-May, 2012-13, to Rs.27,884 crore from Rs.25,344 crore in the like period of 2011-12, ... Read more...
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Direct tax collection rises 13 percent in 2011-12
June 6th, 2012 - 8:43 pm ICT by IANS
New Delhi, June 6 (IANS) Gross direct tax collection grew by 13.02 percent to Rs.5,90,077 crore in the financial year ended March 31, 2012 as compared to Rs.5,22,104 crore in ... Read more...
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Capital gains tax on private equity lowered
May 7th, 2012 - 8:18 pm ICT by IANS
New Delhi, May 7 (IANS) The central government Monday announced the lowering of capital gains tax on private equity investments to 10 percent from the existing 20 percent."Currently, long ... Read more...
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Budget fails to impress markets, Sensex tanks 210 points (Roundup)
March 16th, 2012 - 7:53 pm ICT by IANS
Mumbai, March 16 (IANS) Finance Minister Pranab Mukherjee's budget proposals Friday failed to enthuse investors and a benchmark index for Indian equities markets closed nearly 210 points lower.The 30-scrip ... Read more...
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Jewellers demand abolition of gold units
March 13th, 2012 - 11:07 pm ICT by IANS
Kolkata, March 13 (IANS) An apex body of jewellers Tuesday urged the government to do away with gold units in Exchange Traded Funds or impose 25 percent commodity transaction tax ... Read more...
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Panel proposes hiking income tax exemption limit to Rs.3 lakh
March 9th, 2012 - 8:36 pm ICT by IANS
New Delhi, March 9 (IANS) A parliamentary panel reviewing the Direct Taxes Code (DTC) bill has recommended raising the income tax exemption limit to Rs.3 lakh a year and ... Read more...
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Direct tax collections rise 14.6 percent in April-January
February 8th, 2012 - 4:00 pm ICT by IANS
New Delhi, Feb 8 (IANS) India's direct tax collections grew by 14.57 percent to Rs.425,274 crore in the first 10 months of the current financial year, sharply lower than the ... Read more...
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G20 agrees to reap benefit from financial integration
November 4th, 2011 - 11:50 pm ICT by IANS
Cannes, Nov 4 (IANS) Leaders of the world's major developed countries and emerging economies agreed Friday to strengthen financial regulations and reap benefits from financial
integration, but failed to stay on ... Read more...
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Gross direct tax collection up 26 percent
September 8th, 2011 - 8:04 pm ICT by IANS
New Delhi, Sep 8 (IANS) Gross direct tax collection increased by 25.89 percent at Rs.154,360 crore during the first five months of 2011-12 on the back of healthy growth in ... Read more...
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Direct tax collections up 27 percent in April-July
August 12th, 2011 - 9:10 pm ICT by IANS
New Delhi, Aug 12 (IANS) Gross direct tax collection increased 26.63 percent to Rs.1,32,542 crore in April-July this year as compared to Rs.1,04,668 crore during the same period last year, ... Read more...
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Direct tax mop-up jumps 21 percent
March 9th, 2011 - 9:31 pm ICT by IANS
New Delhi, March 9 (IANS) Revenue from direct taxes increased 20.75 percent to Rs.336,177 crore in the first eleven months of the current fiscal, according to official data released Wednesday.Collections ... Read more...
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Direct tax collection up 18 pc in April-November
December 7th, 2010 - 6:14 pm ICT by IANS
New Delhi, Dec 7 (IANS) Led by 22.3 percent surge in corporate income tax mop-up, collection from direct taxes climbed 17.85 percent to Rs.216,628 crore during the first eight months of current ... Read more...
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Direct tax revenue up 18 percent to Rs.2,04,351 crore
November 4th, 2010 - 5:09 pm ICT by IANS
New Delhi, Nov 4 (IANS) Revenues from direct taxes increased 17.82 percent to Rs.2,04,351 crore in first seven months of fiscal 2010-11, led by over 22 percent growth in corporate income tax ... Read more...
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Direct tax mop-up jumps 19 percent, beats target
October 19th, 2010 - 8:17 pm ICT by IANS
ew Delhi, Oct 19 (IANS) Direct tax collections increased 19.09 percent to Rs.1,81,758 crore in the first six months of current fiscal, beating the budgetary target.Net direct tax collections during April-September ... Read more...
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Direct tax collection rises 14 percent to Rs.1,00,112 crore
September 6th, 2010 - 8:36 pm ICT by IANS
New Delhi, Sep 6 (IANS) The government has collected 13.91 percent more taxes from individuals and companies during the first five months of this fiscal.
Net direct tax collections rose to Rs.1,00,112 crore ... Read more...
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Net direct tax collection up 15.49 percent in Q1
July 6th, 2010 - 11:55 pm ICT by IANS
New Delhi, July 6 (IANS) The net direct tax collections for the first quarter of 2010 saw an increase of 15.49 percent as compared to the same period last fiscal, an official ... Read more...
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Direct tax collections increase 15.49 percent during first quarter
July 6th, 2010 - 9:19 pm ICT by ANI
New Delhi, July 6 (ANI): Net direct tax collections during first quarter of the present fiscal year up to June 2010 stood at Rs.68, 675 crore, up from Rs.59, 465 crore in ... Read more...
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Obama’s bank reforms are not right for us: EU ministers
February 16th, 2010 - 5:28 am ICT by IANS
Brussels, Feb 16 (DPA) The medicine recommended by US President Barack Obama to cut Wall Street down to size is not suitable for the European Union EU), the bloc's finance ministers ... Read more...
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Obama considers levy on big banks
January 12th, 2010 - 4:01 pm ICT by IANS
Washington, Jan 12 (DPA) US President Barack Obama is considering a tax on large banks bailed out with government money, media reports said Tuesday.
The idea was to recover as much of ... Read more...
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Direct tax collections rise nearly 9 percent
January 5th, 2010 - 6:30 pm ICT by IANS
New Delhi, Jan 5 (IANS) Net direct tax collections in the first three quarters this fiscal stood at Rs.250,232 crore, up 8.51 percent from Rs.230,598 crore collected in the corresponding period last ... Read more...
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Direct tax collection up 3.9 percent
November 5th, 2009 - 5:00 pm ICT by IANS
New Delhi, Nov 5 (IANS) Direct tax collection during the first seven months of the current fiscal grew 3.92 percent to Rs.173,447 crore as compared to Rs.166,905 crore in the like period ... Read more...
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India promises new direct tax law that all can understand
August 12th, 2009 - 6:55 pm ICT by IANS
New Delhi, Aug 12 (IANS) Finance Minister Pranab Mukherjee Wednesday unveiled a draft of the new Direct Tax Code to replace the five-decade-old Income Tax Act with easy-to-comprehend provisions for average ... Read more...
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Direct tax collections increase 3.27%
August 10th, 2009 - 9:12 pm ICT by IBNS
New Delhi, Aug 10 (IBNS) Net direct tax collections during first four months of the present fiscal (up to July 2009) stood at Rs.73,990 crore, up from Rs.71,648 crore in the same ... Read more...
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Direct tax collection rises 3.2 percent
August 10th, 2009 - 7:37 pm ICT by IANS
New Delhi, Aug 10 (IANS) India's net direct tax collection rose 3.27 percent to Rs.73,990 crore ($16.7 billion) in the April-July period this fiscal as compared to Rs.71,648 crore in the like ... Read more...
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Direct tax collections up nearly 4 percent
July 22nd, 2009 - 2:34 pm ICT by IANS
New Delhi, July 22 (IANS) India's net direct tax collections increased 3.65 percent in the first quarter this fiscal, but the growth was stymied on account of a 52-percent jump in refunds ... Read more...
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India’s budget places common man above fiscal responsibility (Commentary)
July 6th, 2009 - 8:57 pm ICT by IANS
By Sushma Ramachandran
Finance Minister Pranab Mukherjee has pleased the "aam aadmi" (common man) but made the "khaas aadmi" (the elite) unhappy in his 2009-10 budget proposals. Constrained by the global recession ... Read more...
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Budget 2009-10: Some Positives And Negatives
July 6th, 2009 - 8:50 pm ICT by GD
Finance Minster Pranab Mukherjee presented the Union Budget today in the parliament. And almost immediately after that reactions from different quarters have started pouring in. Some of them are positive while the ... Read more...
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Income of NPS Trust to be exempt from income tax
July 6th, 2009 - 7:30 pm ICT by ANI
New Delhi, July 6 (ANI): Union Finance Minister Pranab Mukherjee in his Budget Speech informed the Lok Sabha on Monday that he proposes to exempt the income of New Pension System ... Read more...
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Pranab Mukherjee takes first step to reform political funding
July 6th, 2009 - 7:12 pm ICT by ANI
New Delhi July 6 (ANI): Union Finance Minister Pranab Mukherjee proposed to allow 100% deduction in the computation of donor, in the donations given to electoral trusts with a view to ... Read more...
Posted in National |
Life insurers disappointed with budget
July 6th, 2009 - 5:44 pm ICT by IANS
Chennai, July 6 (IANS) The union budget for 2009-10 presented by Finance Minister Pranab Mukherjee Monday has disappointed the domestic life insurance sector.
"There is no major announcement on tax sops. It ... Read more...
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Union Budget 2009-10:Income Tax Exemption Limit Increased
July 6th, 2009 - 3:25 pm ICT by GD
While presenting the Union Budget, Finance Minister, Pranab Mukherjee declared to increase the Income Tax exemption limit for senior citizens by Rs.15,000, for women and others by Rs.10,000 each. As per ... Read more...
Posted in National |
Highlights of General Budget 2009-10 (Part II)
July 6th, 2009 - 2:21 pm ICT by ANI
New Delhi, July 6 (ANI): Union Finance Minister Pranab Minister on Monday presented the General Budget 2009-10 in the Parliament.
Other highlights of General Budget 2009-10 are as follows:
1. Total budget expenditure for ... Read more...
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Fringe benefit tax abolished
July 6th, 2009 - 1:54 pm ICT by IANS
New Delhi, July 6 (IANS) Bowing to the long standing demand of India Inc, Finance Minister Pranab Mukherjee has abolished the fringe benefit tax and commodity transaction tax.
However, Minimum Allocation ... Read more...
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Economy outlook brightens, tax collection up 17 percent
June 5th, 2009 - 8:20 pm ICT by IANS
New Delhi, June 5 (IANS) In yet another sign of the economy clawing back, direct tax collection in May rose to Rs.11,919 crore compared to the Rs.10,198 crore raised in the year-ago ... Read more...
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