« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  Direct tax collections top Rs 3 lakh cr... Earn while you bide the time... » CBDT to cross revised direct tax target March, 29th 2008 Having already reached the revised direct tax collection estimate of Rs 3,04,000 crore, the Central Board of Direct Taxes (CBDT) is likely to mop up Rs 3,20,000 crore as direct taxes during 2007-08.   Finance Minister P Chidambaram also appears hopeful that the Rs 3,04,445 crore target will be surpassed by a few thousand crores, a PTI report has said.   While the chief controller of accounts is yet to confirm the numbers, sources say the revised estimate has been achieved, prompting the board to hike the target to Rs 3,20,000 crore.   We are looking to close the year anywhere between Rs 3,10,000 crore and Rs 3,20,000 crore, said an official. The official said the optimism stemmed from a 50 per cent surge in TDS (tax deducted at source) collections.   Tax collections in 2007-08 have already exceeded the original target for the fiscal which was set at Rs 2,67,490 crore as against the actual collections of Rs 2,30,091 crore in 2006-07.   To help collections from small tax-payers , the Reserve Bank of India has been asked to extend banking hours and provide special clearing facilities over the weekend.   Mumbai, which traditionally contributes the most to the tax kitty, saw a near 50 per cent growth in advance tax paid by the top 100 companies in the zone.