Net direct tax collection grows 12% in Apr-Jan

Last Updated: Wednesday, February 6, 2013, 18:01

Net direct tax collection grew by 12.49 percent to over Rs 3.90 lakh crore in the April-January period, less than the budgeted annual target of 15 percent, reflecting the impact of slowdown.

Beef up efforts to meet revenue target: FM to tax officials

Last Updated: Tuesday, February 5, 2013, 11:27

Apprehending slippages in tax collection, Finance Minister P Chidambaram on Tuesday asked revenue officials to beef up efforts to achieve the budgeted target in the remaining period of the current fiscal.

Beef up efforts to meet revenue target: FM to tax officials

Last Updated: Tuesday, February 5, 2013, 11:27

Apprehending slippages in tax collection, Finance Minister P Chidambaram on Tuesday asked revenue officials to beef up efforts to achieve the budgeted target in the remaining period of the current fiscal.

Gross direct tax collection up 8% in Apr-Dec

Last Updated: Friday, January 4, 2013, 19:31

Led by healthy growth in personal income tax collection, the gross direct tax collection in the nine months till December of the current fiscal increased by 8.01 percent to Rs 4.28 lakh crore.

Gross direct tax collection grows 7.14% in Apr-Nov

Last Updated: Tuesday, December 11, 2012, 15:03

Gross direct tax collection rose by 7.14 percent in the April-November period of the current fiscal, as against an annual target of 15 percent, on account of slower corporate activity.

Net direct tax collection up 15% in Apr-Nov

Last Updated: Monday, December 10, 2012, 16:43

The net corporate tax collection, according to a Finance Ministry official, stood at Rs 1,62,897 crore during the eight months ending November 2012.

Rs 1.33 lakh crore tax non-recoverable: Fin Min to Parl panel

Last Updated: Sunday, December 2, 2012, 23:35

A Parliamentary committee has come down heavily on the Finance Ministry for writing off over Rs 1.33 lakh cr as non-recoverable direct tax saying it owes an explanation.

Rs 1.33 lakh crore tax non-recoverable: Fin Min to Par panel

Last Updated: Sunday, December 2, 2012, 21:51

The Parliamentary Standing Committee on Finance has expressed surprise that out of a total demand of Rs 2,48,927 crore as direct tax arrear, Rs 1,33,665 crore is not "realisable".

Net direct tax collections at Rs 2,65,417 cr till Nov 15

Last Updated: Thursday, November 22, 2012, 21:29

The government Thursday said the net direct tax collections were Rs 2,65,417 crore till November 15, 2012.

Gross direct tax collection grows at 6.59% in Apr-Oct

Last Updated: Thursday, November 8, 2012, 15:03

The collection during the first seven months of 2012-13 was Rs 3.02 lakh crore, up from Rs 2.84 lakh crore in the same period last year, a Finance Ministry statement said.

Direct tax code needs to go back to drawing board: Shome

Last Updated: Thursday, October 11, 2012, 23:58

Hinting that the central government would not be able to introduce the direct tax code (DTC) by April 2013, Parthasarathi Shome, who heads the high-powered committee on GAAR, said it needs to go back to the drawing board as some changes are required.

Time for second stage of economic reforms: Praful Patel

Last Updated: Thursday, October 11, 2012, 14:57

Union Heavy Industries Minister Praful Patel has said the time is ripe for second stage of economic reforms such as the introduction of Direct Tax Code among other measures with an emphasis to tame inflation.