Net direct tax collection grows 19% so far in FY24

The net direct tax collection so far this fiscal rose 19.41 per cent to Rs 14.70 lakh crore, reaching about 81 per cent of the full-year target, the income tax department said on Thursday.......

Budget 2022: Phasing out of some tax exemptions likely

FinMin also exploring the option of rationalising capital gains tax rates. Arup Roychoudhury reports. Illustration: Dominic Xavier/Rediff.com The Centre is considering a gradual phasing out of......

Google tax: India likely to face US trade action

The US launched an investigation, focusing on whether the tax in India and other countries discriminated against American companies, were retroactive, and reflected unreasonable tax policy.......

Corporate tax cut dents direct taxes mop up by 17%

While experts pointed out the impact of corporation tax cuts cannot yet figure in collections as most companies are yet to decide on their choice, government officials said a part reason for slow......