Tag: income tax
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HMRC expects 42% of taxpayers to comply with MTD for income tax
UK’s His Majesty's Revenue and Customs (HMRC) expects that 2,916,000 (42%) will need to comply with Making...
Govt aims to collect Rs 4.18 lakh cr from cess, Rs 1.72 lakh cr from surcharge in FY26
The Centre aims to collect cess of over Rs 4.18 lakh crore in the current fiscal, an 8 per cent growth over the collections...
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 tax cuts, large refunds and...
FinMin notifies corrigendum to I-T Bill on interest for advance tax short-payment
The finance ministry on Tuesday notified a corrigendum to the Income Tax Bill with regard to interest to be charged on short payment of...
Here’s What They Mean for You
A wave of state tax changes took effect on July 1, and depending on where you live, they...