Constructing on the sturdy present seen in monetary 12 months 2023-24, Web Direct Taxes collections have surged 19.54 per cent to ₹ 5.74-lakh crore until July 11 this fiscal, official information launched by CBDT confirmed. In the identical interval (upto July 11) final fiscal, the web direct tax collections stood at ₹4.80-lakh crore. The most … Read more
The Central Board of Direct Taxes (CBDT) has now rolled out a brand new performance in the Annual Info Assertion (AIS) to show the standing of knowledge affirmation course of. It will show whether or not the taxpayer’s suggestions has been acted upon by the supply, both, partially or totally accepting or rejecting the identical. In … Read more
There may be reduction in retailer for corporations and companies with the Earnings Tax Division on Wednesday saying that these entities is not going to be handled as defaulter in instances of getting TDS (Tax Deducted at Sources)/TCS (Tax Collected at Sources) at regular price from people even when their PAN just isn’t linked with … Read more
Improved compliance and excessive development in Private Revenue Tax (PIT) propelled internet direct tax assortment to develop over 20 per cent throughout April 1 and February 20 of 2023-24, Revenue Tax Division reported on Sunday. Additionally learn: At ₹14.70-lakh crore, direct tax collections attain 81% of Funds Estimates for FY24 Aside from PIT, direct taxes … Read more
The Central Board of Direct Taxes (CBDT) on Thursday issued pointers deduction of 1 per cent earnings tax of the gross quantity of sale of products or providers by e-commerce firms in a multiple-operator mannequin framework. At present, Part 194-O of the Revenue Tax Act, 1961 supplies that an e-commerce operator shall deduct earnings tax … Read more