4.21 Cr E-Returns filed in Financial Year 2016-17, says MoS Santosh Kumar Gangwar
The total amount of refund issued in the current fiscal (including refund arising out of rectification, appeal effect etc.) is Rs. 1,48,459 crore...
Direct Tax collection upto January is Rs. 5,76,408 crore; Budget Estimates fixed for direct taxes are Rs. 9,80,000 crore
Total direct tax collections up to 16th January 2017 amount to Rs. 5,76,408 crore. For the financial year 2017-18, the Budget Estimates fixed for direct taxes are Rs. 9,80,000 crore. As per Receipt...
Finance Ministry invites Comments from public on the Report of Committee on Digital Payments [Read Report]
After approval of the Cabinet, the Guidelines for the promotion of digital payments through cards and digital means were issued on February 29, 2016. Among the steps to be taken was the constitution...
Finance Ministry exempts Government, Embassies, etc. from TCS on cash purchase of goods or services [Read Notification]
In a recent gazette notification, Ministry of Finance through 21st amendment of Income Tax rules, has exempted Tax Collected at Source (TCS) on cash purchase of goods or services by Government,...
