« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  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.