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Do the GCC Countries impose Personal Income Tax on their Residents?
1. What led to the tax reforms in GCC countries? A: Due to the unpredictable rates on oil and gas the GCC came up with the idea of tax reforms....
Budgetary Milestone: Direct Tax Collections Hit Rs. 14.70 Lakh Crore, Making Up 80.61% of FY 2023-24 Budget Projections
As of January 10, 2024, India's Direct Tax collections have depicted a robust and consistent growth trajectory, signifying a commendable performance in the country's fiscal domain. The provisional...
"CBDT should ensure timely and appropriate actions on all applications filed by taxpayers" Union FM Nirmala Sitharaman Reviews Periodic Review Meeting of CBDT
On 25th April 2023, the Union Finance Minister Nirmala Sitharaman chaired the periodic review meeting of the Central Board of Direct Taxes (CBDT). Apart from the Finance Minister, Revenue Secretary,...
Net Direct Tax collections for the Financial Year 2021-22 have grown at over 100%: Refunds amounting to Rs. 30,731 cr issued, says Finance Ministry
The figures of Direct Tax collections for the Financial Year 2021-22, as on 15.06.2021 show that net collections are at Rs.1,85,871 crore compared to Rs. 92,762 crore over the corresponding...
