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Latest updates for Direct Tax

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businesstoday.in /1 month ago

ITR filing 2026-27: Gross direct tax collections jump 16.1% to ₹7.74 lakh crore in FY27 so far

Gross direct tax collections for FY 2026-27 stood at ₹7,73,681.68 crore as on July 13, 2026, marking a 16.11% increase from ₹6,66,337.20 crore collected during the corresponding pe...

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thehindubusinessline.com /1 month ago

Net direct tax collection grows over 16% so far in FY27

Net corporate tax collection grew over 22% to around ₹2.40 lakh crore, while net non-corporate tax collection recorded increased around 12% to ₹3.85 lakh crore

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businesstoday.in /1 month ago

Advance Tax simplified for all taxpayers: Who needs to pay it and when

Advance tax isn't just for business owners — even salaried taxpayers may have to pay it if they earn income from sources such as fixed deposits, rent or capital gains. Knowing who...

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thehindu.com /5 days ago

Parliamentary panel flags ‘punitive’ tax regime, seeks data on new Income Tax Act’s Impact

Parliamentary Standing Committee members question heavy-handed enforcement, compliance glitches and widening reliance on individual taxpayers

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unbox.ph /1 week ago

BIR collected over Php 17 billion in Digital Tax in first half of 2026

The Philippines has imposed taxes on digital services last year under the Digital Services Law. While we have a divided opinion about digital tax, the law aims to correct the curre...

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taxprofblog.aals.org /5 days ago

Clarke & Glogower, The Indirect Taxes

Conor Clark (Wash. U.) & Ari Glogower (Northwestern), The Indirect Taxes, 102 Notre Dame L. Rev. (forthcoming 2027) Article I of the Constitution empowers Congress to “lay and...

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thehindubusinessline.com /1 month ago

Editorial. Positive indicator

Q1 direct tax mop-up affirms growth prospects

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tribune.com.pk /1 month ago

A tax system based on extortion

High rates punish compliance while farms, wholesale trade stay outside the net

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thetaxtalk.com /2 weeks ago

TDR Received Against Surrender of Land Is Taxable as Capital Gains: ITAT Bangalore

TDR Received Against Surrender of Land Is Taxable as Capital Gains: ITAT Bangalore When land is surrendered in exchange for TDR, the land itself becomes the cost of acquiring t...

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realty.economictimes.indiatimes.com /5 days ago

No tax on value of new property under redevelopment agreement: ITAT

A tax tribunal has sided with property owners involved in redevelopment disagreements, annulling a significant Rs 1.3 crore tax increment on a newly developed property. The tribuna...

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thetaxtalk.com /1 month ago

No Form 10B? ITAT Delhi Clarifies: Charitable Trust Cannot Be Taxed on Gross Receipts Alone

No Form 10B? ITAT Delhi Clarifies: Charitable Trust Cannot Be Taxed on Gross Receipts Alone Non-Filing of Form 10B May Deny Exemption Under Sections 11 & 12, But It Does No...

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greaterkashmir.com /6 days ago

Income Tax awareness programme held at IGC Lassipora

The Income Tax Office, Udhampur, in collaboration with the Industrial Association, organised an Income Tax Awareness Programme at the Industrial Growth Centre, Lassipora, to famili...

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thetaxtalk.com /1 month ago

CBDT Tightens Scrutiny of Unexplained Income Additions: Fresh Directions Issued on Sections 68 to 69D and Section 115BBE

CBDT Tightens Scrutiny of Unexplained Income Additions: Fresh Directions Issued on Sections 68 to 69D and Section 115BBE C&AG Audit Findings Trigger Administrative Push for...

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