Ahead of the Union Budget 2026-27, Indian business houses have urged the government to make demergers tax-neutral, particularly in cases involving transfer of investments in associate companies......
'Tax cases are technical in nature... Many high courts do not have a tax bench, which also contributes to the delay.' Illustrations: Dominic Xavier/Rediff A food product company in Andhra......
Net direct tax collection grew 21 per cent to over Rs 4.62 lakh crore so far this fiscal, on higher advance tax payment by corporate. Illustration: Dominic Xavier/Rediff.com The first instalment......
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.......
96 per cent is being collected through TDS, advance tax, self-assessment tax, and other receipts. Illustration: Uttam Ghosh/Rediff.com A smaller proportion of direct tax collections......