Read more about Net Indirect Tax collections Spurt 12.3% In FY21 on Business Standard. The provisional figures for indirect tax collections (GST & non-GST) for the Financial Year 2020-21 show that net revenue collections are at Rs 10.71 lakh crore as compared to 9.54 lakh Crore for the Financial Year 2019-20, thereby registering a
Union Finance Minister Nirmala Sitharaman on Sunday hit out at the Left government in Kerala and said the move for a judicial inquiry against the Enforcement Directorate (ED), which has been probing the gold smuggling case, was an attempt to derail the probe. Sitharaman, who is here for electioneering, told reporters that those who are afraid of facing the law are unleashing the state police force against the central agencies. If you are clean, prove it.If you are not, then I am sorry, this is absolutely wrong.The person who unleashes his own investigative or state police officers is the one who is frightened of facing the law.
The Income Tax Department has issued refunds worth over Rs 2.62 lakh crore to more than 2.38 crore taxpayers in 2020-21. This include Rs 87,749 crore personal income tax refunds to 2.34 crore taxpayers and Rs 1.74 lakh crore worth corporate tax refunds in 3.46 lakh cases. The refunds issued in 2020-21 marks an increase of almost 43.2 per cent, the I-T department said in a statement. Central Board of Direct Taxes (CBDT) has issued refunds of more than Rs 2.62 lakh crore to more than 2.38 crore taxpayers from 1st April, 2020 to 31st March, 2021, the statement said. The total refunds issued in 2019-20 were worth Rs 1.83 lakh crore.
Read more about I-T refunds worth over Rs 2 trillion issued so far to taxpayers this fiscal on Business Standard. Of this, personal income tax refunds of Rs 71,865 crore have been issued to over 1.99 crore taxpayers and corporate tax refunds of over Rs 1.28 lakh crore have been issued in 2.20 lakh cases