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Direct Tax »
 Businesses need not deduct GST on advances received for goods supply: CBEC
 Redress taxpayers' grievances on priority: CBDT to I-T department
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 IT expertise at banks' board level a must, says RBI ED
 Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India under the Income-tax Act, 1961
 To avoid double-taxation CBDT says no tax at upstream foreign fund if local fund paid already
 CBDT extends due date for filing Income Tax Returns and Tax Audit Reports

FY10 direct tax may be Rs 4 trillion: Panel member
October, 21st 2009
India may collect 4 trillion rupees as direct tax for the current fiscal year ending March 2010, a government panel member said on Wednesday. "There is an unexpected increase in recent direct tax collections. It is possible that direct tax figures may touch 4 lakh crore (4 trillion rupees)," said Govinda Rao, a member of the Prime Minister's Economic Advisory Council.
 
 
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