« 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 «  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.