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Direct tax collection up by 5% for FY 2020-21; refund increased by 42%
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Direct tax collection FY21 I Direct tax collection up 5% in FY21 at Rs 9 45 lakh crore; refunds at Rs 2 61 lakh crore
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Immorality Of Policymakers Behind Rising Petrol Prices
Petrol and diesel prices were deregulated in 2010 and 2014 respectively but it is a case of deregulation over papers only. Shshank Saurav 2021-02-17T13:59:35+05:30 Immorality Of Policymakers Behind Rising Petrol Prices outlookindia.com 2021-02-17T14:01:15+05:30
The price of premium petrol has crossed Rs 100 per litre mark in a few cities and a litre of normal petrol is also costing over Rs 90. In Pakistan, people are on roads over the spike in fuel prices and our country too is facing a protest but for a different reason.
Though the Consumer Price Index (CPI)-based inflation rate is within the mandated rate advised to RBI Monetary Policy Committee (MPC) the rise in fuel price has started pinching the common man. The rise in fuel prices has a cascading effect all over the economy but if there is a downward revision in prices, we hardly witness a corresponding price adjustment by the supplier
Union Budget 2021: Govt focusses on easing pain points for taxpayers in coming fiscal year In order to make taxation processes faceless, the National Faceless Income Tax Appellate Tribunal Centre shall be established with the facility of personal hearing through videoconferencing. Kapil Rana February 03, 2021 13:36:35 IST Govt need to ease tax burden. Scott Graham/Unsplash
To make governance simple for taxpayers and for the Income Tax Department, the government had introduced a series of direct tax reforms providing benefit to taxpayers with an aim to boost the economy by increasing tax collection. In course of these reforms, corporate tax rates have been slashed significantly and the Dividend Distribution Tax too was abolished. Further, to eliminate the burden of taxation on small taxpayers’, the government had increased the rebates to lower the tax lia
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