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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% - New Delhi Times - India's Only International Newspaper

Published: April 30, 2024

According to the Ministry of Finance, the provisional figures of Direct Tax collections for the Financial Year (FY) 2023-24 show that Net collections are at Rs. 19.58 lakh crore, compared to Rs. 16.64 lakh crore in the preceding Financial Year i.e. FY 2022-23, representing an increase of 17.70%. The Budget Estimates (BE) for Direct Tax…

Source: newdelhitimes.com

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Are EVs empowering India's Green Transition?

Published: April 29, 2024

PLI is driving the surge, but there are sustainability challenges in lithium production and recycling ahead

Source: governancenow.com

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Madhya Pradesh Shailini Sheth Amin Nandini Satpathy Pallavi Rebbapragada Assembly Elections In Arunach European Union Assembly Constituencies Union Budget Iron Lady Schuster India Lok Sabha Elections Budget Estimates Direct Tax General Elections State Assembly Elections Stand Out Pushed Away Hill Notion Press Electric Vehicles

When Nandini Satpathy told Biju Patnaik: 'I'll sit on the chair you are sitting on' -Governance Now

Published: April 26, 2024

An excerpt from a new biography of a one-of-her-kind politician by Pallavi Rebbapragada

Source: governancenow.com

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Madhya Pradesh Shailini Sheth Amin Union Budget European Union Indian Railways Assembly Constituencies Great Indian Peninsula Railway Assembly Elections In Arunach Lok Sabha Elections Budget Estimates Direct Tax General Elections State Assembly Elections Stand Out Pushed Away Hill Notion Press Nandini Satpathy Indira Gandhi

penalty exemption: Non-linkage of PAN-Aadhaar: CBDT gives relief to tax deductors

Published: April 24, 2024

The Central Board of Direct Taxes (CBDT) has clarified that tax deductors will not be treated as defaulters for failures in deduction of tax at a higher rate on transactions between July 1, 2023, and March 31, 2024, if the Permanent Account Number (PAN) becomes inoperative due to non-linkage with Aadhaar. This relief will be exempt from penalties, providing relief to businesses facing tax notices for shortfalls in deduction.

Source: indiatimes.com

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Rohit Garg Shardul Amarchand Mangaldas Co Central Board Direct Taxes Permanent Account Number Shardul Amarchand Mangaldas Penalty Exemption Tax Deductors Pan Aadhaar Linkage Non Resident Indians Income Tax Department Central Board Of Direct Taxes Cbdt Direct Tax Central Board Of Direct Taxes

The potential & problems for increasing India's GDP growth %

Published: April 23, 2024

The Indian election circus has come to town! Every circus brings with it some Jokers and some star performers in various acts. The Indian elections 2024 have finally drawn attention to an important economic indicator...

Source: indiatimes.com

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National Accounting Guidance Team Direct Tax Income Tax Economy Blog India Blog Omeyar Jal Tavaria Blog Preading Light Blog

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