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CBDT

Direct Tax Collection: Will exceed budget target for direct tax: CBDT chairman Nitin Gupta

Kemal Pasha Oct 11, 2023

Expressing confidence that the direct tax collection in the current fiscal would exceed the budget estimate of Rs 18.23 trillion, Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta on Tuesday listed out some of the key…

Business

Direct tax mop-up grows 16% to Rs. 4.75 trillion, so far this fiscal

Kemal Pasha Jul 10, 2023

India’s direct tax collection soared 16 per cent to touch Rs. 4.75 trillion this fiscal, showing continuity in revenue growth despite external headwinds. The collection have gathered pace over past months of the current…

Business

Investment in start-ups from 21 nations will be exempt from angel tax

Kemal Pasha May 25, 2023

The Finance Ministry has notified 21 countries, including the US, UK and France, from where non-resident investment in unlisted Indian startups will not attract angel tax. The list, however, excludes investment from…

Business

TDS rules: Online gaming bonus, incentives taxable if withdrawn, says CBDT

Kemal Pasha May 23, 2023

The Central Board of Direct Taxes (CBDT) on Monday clarified that any deposit in the form of bonus or incentives credited in a user account will be considered net winnings, and subject to tax deduction, in case of withdrawal. If…

Business

Net direct tax collection hits Rs 13.73 trn, 83% of FY23 revised estimate

Kemal Pasha Mar 11, 2023

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Business

Gross direct tax mop-up grows 24% to Rs 15.67 trn, net collection rise 18%

Kemal Pasha Feb 11, 2023

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Business

New tax regime ‘sweetened’ to benefit maximum number of taxpayers: CBDT Chairman

Kemal Pasha Feb 2, 2023

File picture of Union Finance Minister Nirmala Sitharaman with Nitin Gupta, Chairman, Central Board of Direct Taxes | Photo Credit: Vedhan M. The new income tax regime for filing returns has been "sweetened" in the Budget 2023-24 and it…

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