Tag: Direct Tax
Offshore Binance wallets under scanner as I-T dept acts against undisclosed crypto profits
Mumbai: More than 400 well-heeled individuals across India will be pulled up by the tax authorities for hiding their...
CBIC allows 90% provisional refund for IDS claims
New Delhi: The Central Board of Indirect taxes and Customs (CBIC) has instructed its field formations to sanction 90%...
GST rate reduction has higher multiple effect on economy, than income tax cut: Ambit Capital
A decline in the Goods and Services Tax (GST) rate has a higher multiplier effect of 1.08x compared with...
Personal income tax collection overtakes corporate tax: Report
Personal income tax collections have surpassed corporate taxes for the first time in India's history, signalling a structural shift...
Tax cuts, refunds, ITR deadline extension drag India’s direct tax numbers down
India's net collection of direct taxes so far this fiscal year fell nearly 4% from a year earlier, as...