Task force on direct tax laws to submit report by July 31
The task force set up to draft a new direct tax law to replace the existing Income Tax Act has been given 2-month extension till July 31 to submit its …
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GDP numbers suggest high growth in the medium term: panel
Finance Commission has held discussions with the finance ministry on fiscal and economic management of the country, During the meeting,15th Finance Commission has said that the GDP numbers suggests continued …
Read MoreGovt faces direct tax shortfall of ₹60k crore
According to the Central Board of Direct Taxes(CBDT),Direct tax collections have fallen short by Rs 60,000 crore.It has failed to meet the revised target of Rs 12 lakh crore for …
Read MoreIndirect tax collection may fall short, says Garg
The Central government has said that it may fall short of the Goods and Services tax(GST) target this financial year.However,government is confident of reaching its direct tax collection target for …
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