« 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 «  Omnibus law for banking soon... Tax outflows to cramp liquidity... » Tax revenue buoyant during Apr-Aug: FM September, 11th 2006 The Government has collected 32.28 per cent more taxes (excluding service tax and excise duty) at Rs 770.27 billion during the first five months of this fiscal against Rs 540 bn in the corresponding period of the previous fiscal. While direct taxes grew by 50.30 per cent at Rs 429.17 bn during the April-August, 2006 year-on-year, customs duty among indirect taxes rose by 34.05 per cent to touch Rs 341.10 bn, Finance Minister P Chidambaram said. The figures for Union excise duty and service tax are available for the first four months of 2006-07 only. While excise duty collections grew by 8.84 per cent to touch Rs 330.74 bn against Rs 303.87 bn, service tax mop up grew by a whopping 62.70 per cent to touch Rs 81.69 bn against Rs 50.21 bn. Among direct taxes, corporation tax jumped by 70.37 per cent at Rs 225.87 bn during the first five months of this fiscal against Rs 132.58 bn. Income tax, including fringe benefit tax, securities transaction tax and banking cash transaction tax, rose by 32.91 per cent at Rs 203.30 bn against Rs 152.96 bn, he added. The finance minister said his ministry's one of central objectives is to find revenues to support investment and growth. He said non-tax revenues are also encouraging and there has been an increase of 11 per cent at Rs 136.96 bn compared to Rs 123.40 bn in the corresponding period of the previous year.