corporate tax Current Affairs, GK & News
Tax collections for FY 21
The Ministry of Finance recently released the tax collection figures for the financial year 2020-21. According to the ministry, the direct tax collections for the financial year 2020-21 are Rs 9.45 lakh crores. Tax collections for the fiscal year 2020-21 The Direct Tax Collections include Personal Income Tax collections and Corporation Tax collections. The Personal ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs
Topics: Central Board of Direct Taxes (CBDT) • corporate tax • direct tax • Income Tax • Tax Deducted at Source
Net Tax Collection exceeds revised estimates in FY21
In the fiscal year (2020-21) that ended on March 31, 2021, the corporate tax and income tax collected were Rs 9.45 lakh crores. About the Tax Collections The tax collections in the fiscal year 2021 exceeded the revised target by 5%. The tax collected in 2021 was 10% lower than the direct tax collected in ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs
Topics: corporate tax • direct tax • Fiscal Year • Income Tax • Tax collection • Union Budget • Vivad Se Vishwas
PM to announce next set of direct tax reforms
The Prime Minister Narendra Modi is all set to launch the next set of direct tax reforms in the country keeping in mind the announcements made in the Union Budget 2020-21. The PM will honour the country’s honest taxpayers by launching a platform to that effect. Details of the Platform The platform, named as ‘Transparent ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs
Topics: CBDT • Central Board of Direct Taxes • corporate tax • direct tax • Direct Tax Reforms • Income Tax • IT Department
Key points of the Australian Budget 2019
The Australian Budget for the fiscal year 2019 ”2020 sets out economic and fiscal outlook of Australia. It includes revenue estimates, expenditure for the fiscal year and also for the consecutive 3 financial years Wages and Income tax cuts The personal income tax was the main focus of the previous year budget. It is ..
Category: Government Schemes Current Affairs
Topics: corporate tax • Corporation tax in the Republic of Ireland • Economy • Income tax in Australia • Tax • Tax reform • Value-added tax