Tag Archives: tax

I-T raid on Sasikala firms: Tax evasion on income of ₹1,430 crore detected

Evaluation of documents still on, final figure may be different, say I-T sleuths S. Vijay Kumar Sangeetha Kandavel Ending their largest-ever search operation in Tamil Nadu, which lasted five days and covered the properties of late Chief Minister Jayalalithaa’s former ...

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GST returns filing: Tax experts doubt system’s accuracy; only a quarter of taxpayers meet October 31 deadline

Increasing the fear of an unravelling of the exercise of invoices-matching, which is crucial to realising the presumed merits of the goods and services tax (GST), like reduction of tax evasion and cascades, three-fourths of the 60 lakh eligible taxpayers ...

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Direct tax collection up 16% from last yr, growth in advance tax down

The provisional figures of direct tax up to September 2017 show that net collections stood at Rs 3.86 lakh crore which is 15.8 per cent higher than last year. NET DIRECT tax collections for April-September, the first half of the current financial year, grew 15.8 per cent from last ...

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MoS Finance says Centre will keep revising tax slabs in GST

Mumbai (Maharashtra) [India], October 9 (ANI): The Minister of State for Finance, Shiv Pratap Shukla, on Monday said the Centre would keep revising the tax slabs as far as the Goods and Service Tax (GST) is concerned. “We will keep ...

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MoS Finance says Centre will keep revising tax slabs in GST

On Friday, the GST Council raised the composition scheme threshold for businesses to Rs. 1 crore. Mumbai: The Minister of State for Finance, Shiv Pratap Shukla, on Monday said the Centre would keep revising the tax slabs as far as the Goods and Service ...

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