FY24 direct tax collection up 20% at ₹15.60 lakh cr so far
Direct tax collection constitutes 80% of the revised budget estimates for the entire fiscal year up to February 10, 2024.
central board of direct taxes
February 2024
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August 2023
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Tax to GDP ratio at 15-yr high in FY23; could be even better in FY24
Gross tax revenue could be at the “highest ever” in the last 2 decades in FY24, says latest note by SBI Research
Life insurance: CBDT issues guidelines on income from premium over ₹5 lakh
The 17-page guidelines explain changes introduced in Income Tax Act to remove difficulties in implementing provisions introduced in Budget 2023
CBDT, CBIC need to do better; engage with assessees on Saturdays: FM Sitharaman
FM Nirmala Sitharaman's responses were triggered when tax rules and process related questions were asked to the panel of secretaries by the industry.
Govt extends ITR filing deadline for FY21 to March 15
The Central Board of Direct Taxes (CBDT) had earlier extended the last date for filing ITRs for the assessment year 2021-22 till December 31.
