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Direct Tax »
 Three reasons to file income tax returns on time
  New direct tax code may have to wait until 2019
 Direct tax collection grows fastest in 7 years in FY18, courtesy GST; here’s how indirect tax reform helps
 Income Tax: Deadline for filing belated ITR of Assessment Year 17-18 is over
 Income Tax department cautions TDS deductors, says file statements by May 31 or pay penalty
 ITR-4 launched on e-filing portal; total 3 ITRs available now
 CBDT directs income tax department to hold grievance redressal fortnight for taxpayers in June
 Income tax return form-2 in Java format released for e-filing for FY2017-18
 3 ITRs available now ITR-4 launched on e-filing portal
 Businesses, small taxpayers to gain from new direct tax code
 New direct tax code to benefit corporates, income tax payers

Net direct tax mop up at Rs 2,65,417 cr till November 15
November, 23rd 2012

Net direct tax mop up at Rs 2,65,417 cr till November 15

The government on Thursday said the net direct tax collections were Rs 2,65,417 crore till November 15, 2012. It is expected that the total direct tax collection for 2012-13 will exceed the collection of 2011-12, minister of state for finance S S Palanimanickam said in a written reply to the Rajya Sabha. During 2011-12, the net direct tax collection was Rs 4,94,799 crore. The government has expressed confidence of meeting direct tax target of Rs 5.70 lakh crore.

Cancel 3 coal mines; impose BG: IMG

new delhi: The Inter-Ministerial Group has recommended deallocation of three coal mines, and deduction and imposition of Bank Guarantee of PSU firms including MMTC and Nalco.

New India net more than doubles

mumbai: Public sector general insurer New India Assurances net profit more than doubled to Rs 205 crore in the first half of the current fiscal as against Rs 95 crore in the year ago period.

Discom restructuring from Jan: Govt

New Delhi: The power ministry said on Thursday that it will commence restructuring of loans worth Rs 1.9 lakh crore of ailing power distribution companies from January next year.

Credit cycle turning for EM banks: Fitch

NEW YORK: Fitch Ratings said that the credit cycle has started to turn in most large emerging market (EM) banking systems, driven by a less favourable economic backdrop globally and locally.

Focus on data mining, tax analysis: Shome

new delhi: India should strengthen the Large Tax Payers Units and focus on data mining and analysis of tax administration, said tax expert Parthasarathi Shome on Thursday.

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