New Delhi: Showing an increase of 15.7 per cent over the last year, the gross direct tax collections till November stood at Rs 6.75 lakh crore, according to provisional figures released on Monday. This was despite a 50 per cent rise in filing of income-tax returns over the last year.[Read More…]
Tag: tax collection
NIA summons ex-Nagaland CM in ‘terror funding’ case
New Delhi: The NIA has summoned former Nagaland Chief Minister T.R. Zeliang for questioning in connection with an alleged “tax collection and terror funding” case, an official said on Monday. The case pertains to alleged extortion by groups such as NSCN(K), NSCN(IM) and Naga National Council from at least 14[Read More…]
Cess accounts for almost 15% of total tax collection
The increasing trend of Cesses is making a deep hole into your pockets without you taking a notice of it. In fact, Cesses have become a silent tactic to upsurge taxes. Significantly, in the past decade, the collection through Cesses has augmented much faster than conventional tax revenues. And from[Read More…]