India's net direct tax kitty surges 17.7% to ₹19.58 lakh cr in FY24, exceeds revised estimates
The boost in net tax collections during the final fortnight of the fiscal year was driven by personal income tax (PIT) and securities transaction tax (STT) collections.
The Conversation: Nitin Gupta, Chairman, CBDT
In order to become a developed economy by 2047, India needs to optimise tax generation to spend on all-round development, including infrastructure.
Budget 2024: Gouri Puri, partner at Shardul Amarchand Mangaldas, shares insight on direct tax proposals
Gouri Puri, Partner at Shardul Amarchand Mangaldas & Co., shared her insights on the direct tax proposals unveiled in the interim budget 2024.
Direct tax revenue surges 20% in FY24 so far
Direct tax worth ₹13,70,388 cr includes corporate tax at ₹6,94,798 cr and ₹6,72,962 cr personal income tax.
India Inc.’s Balance Sheet
As domestic companies fill up their ‘reserve’ tank, input and employee costs continue to bite.
Economic Survey 2023: Govt urges private capex to take lead, create jobs
Indian non-financial private sector debt and non-financial corporate debt as a share of GDP declined by nearly thirty percentage points in the last decade
Richest 5% Indians own over 60% of India's wealth: Oxfam
As per the report, between April 2020 and November 2022, the wealth of billionaires in India surged by 121% or ₹3,608 crore per day.
Unlisted cos report fall in corporate tax; listed, sharp rise
Corporate tax reported by 8,000 unlisted companies in India dropped by 42% in FY22.
Budget 2023: Ideas For Budget 2023
Leading experts discuss what finance minister Nirmala Sitharaman can do to give a booster shot to the Indian economy.
FM hits back at Cong’s tax bonanza jibe; lists corporate tax cut by Manmohan, Chidambaram
FM retorts to Congress’s “tax bonanza” jibe to the corporate sector by Modi govt, listing instances when corporate tax rates were reduced during Congress rule.