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Net direct tax collections for FY24 jumps nearly 21% to Rs 13.70 lakh crore

Within overall direct tax collections, corporate tax mop-up amounted to Rs 6.95 lakh crore, while personal income tax and securities transaction tax together amounted to Rs 6.73 lakh crore. ....

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Direct tax collections cross Rs 11 lakh crore in October, up 18% YoY: Fin Min

A five-fold-plus jump in corporate tax collections in August had helped limit the Centre s fiscal deficit in the first five months of 2023-24 to 36 percent of the full-year target ....

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Centre's FY24 finances get unexpected boost from direct tax collections in August

The huge turnaround in collections of corporate tax and personal income tax during the month of August has made the government s fiscal deficit target of 5.9 percent of GDP significantly more feasible ....

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Global tax still far from becoming reality | Money

Wednesday, 09 Jun 2021 11:51 AM MYT
The agreement between the US and its G7 partners Britain, France, Japan, Italy, Germany and Canada in London at the weekend is only the first step in a long process. Reuters pic
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PARIS, June 9 After the accolades, an agreement among the world’s wealthiest countries to set a global minimum tax on the biggest companies now faces a long, bumpy road to implementation.
The path is complicated even among the Group of Seven rich nations that endorsed the plan, with US President Joe Biden having to convince recalcitrant members of Congress. ....

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Amazon may prove exception to global tax rules | Money

PARIS, June 9 The Group of Seven wealthy nations may have endorsed a plan to ensure the world’s biggest companies pay a minimum global tax rate, but US tech behemoth Amazon may escape it. The landmark deal is supposed to help put an end to top multinationals shopping for countries with low. ....

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