New Delhi, March 18 (IANS) Net direct tax collections went up 7.19 per cent (on-year) to Rs 22.80 lakh crore (up to March 17), according to the latest provisional data released by the Income Tax Department on Wednesday.It includes net corporate tax of Rs 10.91 lakh crore, non-corporate tax of Rs 11.32 lakh crore and securities transaction tax (STT) of Rs 55,717 crore, the data showed.STT collections increased to nearly Rs 55,717 crore from Rs 53,095 crore a year ago, while other taxes dropped to…
Latest Tax Deducted at Source News & Updates
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday said that the Income Tax Act 2025 will come into effect from April 1, 2026, and the I-T forms have been redesigned such that ordinary citizens can comply without difficulty for ease of living.The new measures include exemption on insurance interest awards, nil deduction certificates for small taxpayers, and extension of the ITR filing deadline for non-audit cases to August 31. Individuals with ITR 1 and ITR 2 will continue to …
New Delhi, Dec 24 (IANS) The deadline to link Permanent Account Number (PAN) with Aadhaar is December 31, and failure to do so may result in the PAN becoming inactive after this date.Taxpayers who have not completed the linking process are advised to act promptly to avoid financial and compliance-related difficulties.According to a notification issued by the Income Tax Department on April 3, 2025, individuals who were allotted a PAN on or after October 1, 2024, are required to link their PAN wit…