Thursday, February 9, 2023
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Income Tax

US industry urges FM to rationalise, simplify direct & indirect taxes in India

A top US strategic and business advocacy group has urged Union Finance Minister to simplify and rationalise direct and indirect taxation system in India

PSU executives seek PM’s intervention in revising tax exemption limit of leave encashment

NCOA, a body of PSU executives, has urged PM Modi to enhance the limit of tax exemption of leave encashment of retirement from Rs 3 lakh to Rs 25 lakh

Widen tax base, do away with cess and surcharges: Experts

Widening of tax base, doing away with cess and surcharge, improvement in compliance & moderation in tax were some suggestions given to FM

Finance Ministry extends ITR filing deadline for companies till November 7

The Finance Ministry has extended the deadline for filing ITR for the assessment year 2022-23 by businesses till November 7

Net direct tax mop up rises 23% to Rs 7.04 lakh cr so far this fiscal

The net direct tax collection has increased 23 per cent to Rs 7.04 lakh crore so far this fiscal, the income tax department said

45% rise in net direct tax mop-up, over Rs 3.39 lakh crore collected till mid-June

The net direct tax collections till mid-June this fiscal increased 45 percent to over Rs 3.39 lakh crore

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