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When a taxpayer must pay taxes directly to the government, meaning the taxes cannot be shifted to other entities or … The post What exactly is direct tax? appeared first on Tax &am...
India's net direct tax collections rose 14.6% year-on-year to Rs 5.21 lakh crore as of June 17, 2026, supported by robust growth in corporate and non-corporate tax receipts. Advanc...
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...
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
L. Vijaya Bhaskara Reddy, director of income-tax (I&CI), Hyderabad, and P. Sankar Pandi, additional director, said SFT filings by reporting entities directly impacted tax admin...
Net income tax collection grows 14.64% between April 1 and June 17
High rates punish compliance while farms, wholesale trade stay outside the net
The tax burden on households has soared again as the impact of fiscal drag continues to pull more workers into the tax net.
The Income Tax Department today organised an awareness programme on the New Income Tax Act, 2025 at its Srinagar office as part of a nationwide outreach campaign aimed at promoting...
Advance Tax: The Tax EMI You Can’t Afford to Miss Today, 15th June, marks the first advance tax installment falling due under the new Income Tax Act, 2025. While many taxpayers are...
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...
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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