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Why Paying Taxes Matters: A Crucial Role in Nation Building

Income Tax : Discover why paying taxes is crucial for national development and how it contributes to public services and infrastructure....

September 6, 2024 33451 Views 18 comments Print

Interest for failure to Collect/Deduct & for delayed TDS/TCS Payment

Income Tax : Article discusses about Basic provisions relating to due date of payment of TDS to the credit of Government, Interest for failure ...

June 6, 2022 165877 Views 2 comments Print

Tax Collected at Source (TCS)

Income Tax : 1. Tax collection at source (TCS) is an additional amount collected as tax by a seller of specified goods from the buyer at the ti...

April 10, 2021 345624 Views 7 comments Print

Every Scrap sale not liable to Tax Collection at Source (TCS)

Income Tax : As per Section 206C of Income Tax Act, 1961 (1) Every person, being a seller shall, at the time of debiting of the amount payable ...

March 21, 2020 602305 Views 44 comments Print

TCS on sale of Motor Vehicles and goods or services

Income Tax : The existing provision of section 206C of the Act, inter alia, provides that the seller shall collect tax at source at specified r...

March 15, 2020 147241 Views 10 comments Print


Latest News


Direct Tax Collections Update FY 2024-25 as of Nov 10

Income Tax : Direct tax collections for FY 2024-25 have risen 21.2% gross, with a 15.41% net growth compared to the previous year, reflecting c...

November 12, 2024 675 Views 0 comment Print

Direct and Advance Tax Collections Update FY 2024-25

Income Tax : As of September 17, 2024, direct and advance tax collections show significant growth compared to the previous fiscal year....

September 19, 2024 657 Views 0 comment Print

Direct Tax Collections FY 2024-25 Reach Rs. 6.93 Lakh Crores as on 11.08.2024

Income Tax : As of August 11, 2024, net direct tax collections for FY 2024-25 stand at Rs. 6.93 lakh crores, marking a 22.48% growth compared t...

August 13, 2024 402 Views 0 comment Print

Direct Tax Collections for F.Y. 2024-25 as on 11.07.2024

Income Tax : Direct tax collections for FY 2024-25, as of July 11, 2024, show a 23.24% increase compared to FY 2023-24, with notable growth in ...

July 17, 2024 1380 Views 0 comment Print

Direct Tax Collections Surge by 22.19% in FY 2024-25

Income Tax : Gross Direct Tax collections for FY 2024-25 grow by 22.19%. Net Direct Tax collections up 20.99%. Advance Tax collections hit Rs. ...

June 18, 2024 501 Views 0 comment Print


Latest Judiciary


HC denied stay on collection of Tax on failure of appellant to pay tax which was suo motto agreed to be paid by appellant

Income Tax : This Court finds that when the petitioner had agreed to comply with the payment of disputed tax at the rate of Rs. 50 lakhs per mo...

November 15, 2017 975 Views 0 comment Print


Latest Notifications


GST Revenue collection for August, 2020

Goods and Services Tax : The gross GST revenue collected in the month of August, 2020 is ₹ 86,449 crore of which CGST is ₹ 15,906 crore, SGST is ₹ 21...

September 1, 2020 2436 Views 0 comment Print

Statewise Income Tax collection Target for FY 2020-21 allocated by CBDT

Income Tax : The Budget target for each cadre-controlling Pr. CCIT has been fixed keeping in view the revenue potential of the Region, which is...

April 16, 2020 5268 Views 0 comment Print

Revised Targets for Direct Taxes collection for FY 2019-20; Reduced by 1.65 Lakh Crore

Income Tax : I am directed to refer to Board's letter dated 24th May, 2019 regarding Region-wise allocation of revised Budget Estimates(BE) of ...

March 30, 2020 1485 Views 0 comment Print

Measures to enhance revenue collections through TDS

Income Tax : On review of the progress of TDS collections it is noted that as on 31.08.2017, an amount of Rs. 1,65,114 crore has been collected...

September 13, 2017 1773 Views 0 comment Print

CBDT fixes collection Target- Jan-March dedicated quarter for Recovery

Income Tax : Time-barring date of scrutiny assessment was advanced to 31st December to provide assessment units with a dedicated quarter for re...

January 6, 2017 1438 Views 0 comment Print


Latest Posts in tax collection

Direct Tax Collections Update FY 2024-25 as of Nov 10

November 12, 2024 675 Views 0 comment Print

Direct tax collections for FY 2024-25 have risen 21.2% gross, with a 15.41% net growth compared to the previous year, reflecting corporate and non-corporate gains.

Direct and Advance Tax Collections Update FY 2024-25

September 19, 2024 657 Views 0 comment Print

As of September 17, 2024, direct and advance tax collections show significant growth compared to the previous fiscal year.

Why Paying Taxes Matters: A Crucial Role in Nation Building

September 6, 2024 33451 Views 18 comments Print

Discover why paying taxes is crucial for national development and how it contributes to public services and infrastructure.

Direct Tax Collections FY 2024-25 Reach Rs. 6.93 Lakh Crores as on 11.08.2024

August 13, 2024 402 Views 0 comment Print

As of August 11, 2024, net direct tax collections for FY 2024-25 stand at Rs. 6.93 lakh crores, marking a 22.48% growth compared to the previous year.

Direct Tax Collections for F.Y. 2024-25 as on 11.07.2024

July 17, 2024 1380 Views 0 comment Print

Direct tax collections for FY 2024-25, as of July 11, 2024, show a 23.24% increase compared to FY 2023-24, with notable growth in corporate and personal income tax.

Direct Tax Collections Surge by 22.19% in FY 2024-25

June 18, 2024 501 Views 0 comment Print

Gross Direct Tax collections for FY 2024-25 grow by 22.19%. Net Direct Tax collections up 20.99%. Advance Tax collections hit Rs. 1,48,823 crore (+27.34%). Refunds: Rs. 53,322 crore.

Net Direct Tax collections for Financial Year (FY) 2023-24

April 21, 2024 1962 Views 0 comment Print

Net Direct Tax collections (provisional) for Financial Year (FY) 2023-24 exceed Union Budget Estimates by Rs. 1.35 lakh crore i.e. by 7.40%Net Direct Tax collections (provisional) for the FY 2023-24 exceed Revised Estimates by Rs. 13,000 crore

Direct Tax Collections Surge: FY 2023-24 Records Remarkable Growth

March 20, 2024 5265 Views 0 comment Print

Ministry of Finance reveals impressive growth in India’s direct tax collections for FY 2023-24, with net collections up by 19.88%, advance tax collections soaring by 22.31%, and refunds witnessing a substantial increase.

Direct Tax Collections Surpass 80% of FY 2023-24 Targets

February 12, 2024 906 Views 0 comment Print

Explore how Direct Tax collections achieved 80.23% of the FY 2023-24 revised estimates by February 10, 2024, with a significant year-on-year growth.

Direct Tax Collections Surpass 80% of Budget Estimates for F.Y. 2023-24

January 12, 2024 771 Views 0 comment Print

Ministry of Finance has released the provisional figures for Direct Tax collections up to January 10, 2024, showcasing a robust performance and surpassing 80% of the total Budget Estimates for Direct Taxes in the fiscal year 2023-24.

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