« Top Headlines » Open DEMAT Account in 24 hrs  New Income Tax Act: ITR forms to be issued prior to FY28, says govt  GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)  Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups «  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.