Direct tax mop-up jumps 25% to Rs 1.24 lakh crore in Apr-Jun
Direct tax collection registered a growth of 24.79 percent to Rs 1.24 lakh crore during April- June period, mainly on account of early advance tax mop-up.
Jul 08, 2016, 18:41 PM IST
Scope for expansion of tax base: Hasmukh Adhia
A day after Prime Minister Narendra Modi spoke about near-doubling of taxpayer base to 10 crore, Revenue Secretary Hasmukh Adhia on Friday sought to contextualise the statement saying he was talking about "scope for expansion" and getting to that mark is "impossible".
Jun 17, 2016, 22:12 PM IST
Tax collection in 2015-16 exceeds target by Rs 5,000 cr
Helped by buoyancy in indirect taxes, the government managed to surpass the total tax collection target for 2015-16 by Rs 5,000 crore at Rs 14.60 lakh crore.
Apr 06, 2016, 21:00 PM IST
Direct tax collection at Rs 5.47 lakh crore till Feb 13
Total collection from direct taxes stood at Rs 5.47 lakh crore as on February 13, which is 68.7 percent of the budget target for the fiscal.
Feb 22, 2016, 20:19 PM IST
India lightly taxed; help govt collect more: Sinha to CA
India is a "lightly taxed" nation, Minister of State for Finance Jayant Sinha said Thursday, urging CAs to help the government collect due taxes and raise the tax-GDP ratio to 20 percent.
Feb 11, 2016, 19:22 PM IST
Indirect tax mop-up paces up, grows 36% during Apr-Oct 2015
In October 2015, indirect tax revenue collections rose 36.8 percent from a year ago.
Nov 10, 2015, 00:12 AM IST
Indirect tax collection up 35.8% in Apr-Sept period
Bulk of the growth in the indirect taxes has been contributed by excise duty collection which grew 69.6 percent during the period.
Oct 09, 2015, 18:54 PM IST
Government to adhere to FY16 fiscal deficit target: StanChart
Sluggish direct tax collection, likely shortfall in disinvestment proceeds and OROP scheme pay out will add to the government's fiscal burden but it will "adhere to" fiscal deficit target by reducing expenditure, says a Standard Chartered report.
Sep 08, 2015, 13:51 PM IST
Indirect tax collections pace up, grow 37.5% in April-June
IIP data showed that the growth in factory output in the first two months of the fiscal was 3 percent as against 4.6 percent in April-May of 2014-15.
Jul 11, 2015, 10:58 AM IST
I-T Dept eyes Rs 2.56 lakh crore tax mop up from Mumbai in FY16
The Income Tax department is looking at collecting tax worth Rs 2,56,000 crore from the Mumbai zone during this fiscal, which is 13 percent more than the amount mopped up last year.
Jul 09, 2015, 19:04 PM IST
38% increase in tax collection in last 3 months: Kejriwal
Delhi Chief Minister Arvind Kejriwal on Tuesday said his government has seen a 38 percent increase in tax collection in the last three months, claiming that the earnings were even more than the Rs 1,700 crore subsidy for electricity and water.
Jun 16, 2015, 22:56 PM IST
Indirect tax collection up 39.2%; excise reflects manufacturing uptick
Indirect tax collection has jumped 39.2 percent in April-May, with excise showing a smart rise reflecting pick up in manufacturing, Finance Minister Arun Jaitley said Wednesday.
Jun 10, 2015, 21:32 PM IST
Govt will have to forget direct tax of Rs 6.73 lakh crore
A paper presented during the recently held All India Conference of Chief Income Tax Commissioners stated that the department might recover 19% of Rs 8 lakh crore. But there's a rider: even this is going to be a 'tough task'.
Jun 08, 2015, 13:31 PM IST
Direct Tax target of Rs 7.98 lakh cr for FY'16 achievable: Das
The Direct Tax collection target of Rs 7.98 lakh crore for the current financial year is likely to be met on account of improvement in economic growth, government said on Monday.
May 25, 2015, 18:35 PM IST
Indirect tax collections up 46.2% in April
Led by over two-fold surge in excise duty collections, indirect tax revenue jumped 46.2 percent to Rs 47,747 crore in April this year compared to the same month last year.
May 12, 2015, 20:31 PM IST
CBEC credits 'exemplary zeal' of officers for exceeding tax target
The "unwavering commitment and exemplary zeal" shown by its officers has seen CBEC surpassing its indirect tax collection target by a handsome margin of Rs 4,000 crore to reach Rs 5.46-lakh crore in the just-concluded 2014-15 fiscal.
Apr 12, 2015, 10:53 AM IST
Indirect tax collection exceeds target by Rs 4,000 cr in FY15
The total collection as on March 31 is Rs 5,46,479 crore, based on the provisional report as against revised estimates of Rs 5,42,325 crore for 2014-15, an official statement said.
Apr 02, 2015, 15:57 PM IST
CBDT makes public names of 18 tax defaulters who owe Rs 500 crore
Adopting an aggressive approach to increase tax collection, the revenue department for the first time publically named 18 tax defaulters - including Goldsukh Trade and Somani Cements - who owe over Rs 500 crore to the exchequer.
Mar 26, 2015, 17:50 PM IST
Tax collection: CBDT to hold high-level meeting Tuesday
The CBDT will hold a country-wide meeting with top Income Tax department officers Tuesday to review the tax collection work which is scheduled to end on March 31.
Mar 09, 2015, 22:41 PM IST
Direct tax collections up 11.38% in Apr-Jan FY'15
Direct tax collections increased by 11.38 percent to Rs 5.78 lakh crore during the April-January period of current financial year.
Feb 13, 2015, 18:13 PM IST
