« Top Headlines » Open DEMAT Account in 24 hrs  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)  Advance tax deadline September 15: What happens if you missed the previous instalment payment?  How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability  ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer  Missed the ITR Filing Deadline? How to Claim Your Income Tax Refund and Correct Mistakes Before December 31, 2026  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  Income-Tax Department Moves to Bring Greater Certainty to International Tax Cases «  PN curbs to ‘tax’ foreign players... Direct tax collections up 40 pc at Rs 1,22,000 crore... » Direct tax mop-up jumps 40% to Rs 86,751 cr October, 19th 2007 The governments tax kitty continues to swell. Direct tax collections up to October 15 reported a 40% jump at Rs 1,21,950 crore as against Rs 86,751 crore during the same period last fiscal. Corporate tax contributed Rs 75,549 crore, up by 40.29% from Rs 53,853 crore during same period in the previous fiscal, an official statement said today.Personal income-tax, fringe benefit tax, securities transaction tax and banking cash transaction tax yielded 41.13% more at Rs 46,320 crore against Rs 32,821 crore. Bullish securities market led to a collection of Rs 3,784 crore through securities transaction tax, up 48.05% against Rs 2,556 crore. Banking Cash Transaction Tax collections was up 20.22 % at Rs 284 crore against Rs 236 crore. Fringe Benefit Tax collections recorded a growth of 87.92 % at Rs 2,326 crore against Rs 1,238 crore.Growth in direct tax collections is also due to better tax compliance which is indicated by an increase of 64 % in self-assessment tax.