Income tax-biggest revenue category; corporate tax now behind even GST: Anand Rathi report

Jul 15, 2024

Personal income tax now accounts for nearly 30 per cent of gross tax collection, emerging as the government's largest resource mobiliser.

The government will continue on the path to fiscal consolidation in FY25: SBI CAPS

Jul 10, 2024

The SBI report adds that the various avenues of income for the government such as corporate tax, income tax, customs duty, excise duty, Goods...

Edelweiss Rural and Corporate services received Rs 2.61 crore tax notice from Income Tax department

Jun 01, 2024

Edelweiss Financial Services Limited's subsidiary, Edelweiss Rural & Corporate Services Ltd., received a tax demand notice of Rs. 2.61 crores from the Income Tax...

Comprehensive Guide to Corporate Tax Registration and Filing in the UAE

Feb 15, 2024

Abu Dhabi [UAE], February 15: The United Arab Emirates (UAE) introduced a federal corporate tax law which came to effect on 1st June 2023....

Trade Unions demand super-rich tax, hike in corporate tax and raising income tax exemption limit to Rs 10 lakh

Jan 06, 2025

In their customary pre-budget meeting with Union Finance Minister Nirmala Sitharaman, trade union leaders suggested a super-rich tax and an increase in corporate tax...

Taxpayers aged between 18 to 35 years filed 2,09,06,829 ITRs till Jan 31: Centre

Feb 07, 2023

As per Income-tax Act, 1961, tax is calculated and collected based on total income returned in Income tax Returns (ITR).