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Net direct tax collection surpasses RE in FY24; corp tax receipts a miss

Direct tax collection, net of refunds, moderately exceeded the revised estimates (RE) for the financial year 2023-24 (FY24) on the back of personal income tax revenues, but corporation tax receipts fell short of the RE. Net direct tax collection stood at Rs 19.58 trillion in FY24, surpassing the RE of Rs 19.45 trillion by Rs 13,000 crore, or 0.7 per cent. The government had revised up FY24 projections for personal income tax by 13.5 per cent over the Budget estimates (BE) of Rs 9 trillion, at Rs 10.22 trillion.

Nitin guptaSanjay kumar agarwalSumit singhaniaDominic xavier rediffCentral boardDirect taxesBusiness standardDeloitte indiaIndirect taxesBusiness newsUsiness news indiaNdia business newsNdian economy newsNdian financial news

Direct tax collections exceed revised estimates by ₹13,000 cr

Direct tax collections exceed revised estimates by ₹13,000 cr
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Sumit singhaniaIndirect taxesCentral excise dutyFinance ministryDeloitte india

Net direct tax collections surge 17 7% YoY to Rs 19 58L cr in FY24

India s FY 2023-24 net direct tax collections of ₹19.58 lakh crore exceeded estimates, aiding fiscal deficit target achievement. Corporate and personal income tax growth contributed to the positive outcome.

Sumit singhaniaSanjay kumar agarwalDirect tax collections surgeCentral boardIndirect taxesDirect tax collectionsNet direct taxFiscal yearIncome taxFiscal deficit

At ₹14 70-lakh crore, direct tax collections reach 81% of Budget Estimates for FY24

At ₹14 70-lakh crore, direct tax collections reach 81% of Budget Estimates for FY24
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Nitin guptaSumit singhaniaShardul amarchand mangaldas coIncome tax departmentBudget estimateCentral boardDirect taxesBudget estimatesIncluding securities transaction taxGouri puriShardul amarchand mangaldasDeloitte india

Number of IT returns nearly double in nine years

Number of IT returns nearly double in nine years
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

Amit maheshwariSumit singhaniaNarendra modiSudhir kapadiaRevenue departmentHindu undivided familyTax partner