The number of income tax returns filed has grown from 3.8 crore in 2013 to 8.89 crore in 2024—a 133% increase, reflecting the growing formalization...
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India's tax administration has seen significant improvements, leading to a five-fold increase in income tax refunds and a reduction in processing time from 93 to 17 days. Direct tax collections have tripled in the last decade, reflecting increased formalization and voluntary participation.
The number of income tax returns filed has grown from 3.8 crore in 2013 to 8.89 crore in 2024—a 133% increase, reflecting the growing formalization...
India's net direct tax collections experienced a slight decrease of 1.34% year-on-year, totaling Rs 5.63 lakh crore between April 1 and July 10 of...
New Delhi: The average number of days it takes for taxpayers to get refunds from the Income Tax Department in India has come down drastically from 93...
Many Indian taxpayers may face delays in receiving their income tax refunds this year. The main reasons are the late release of ITR-2 and ITR-3 forms,...
Many Indian taxpayers may face delays in receiving their income tax refunds this year. The main reasons are the late release of ITR-2 and ITR-3 forms,...
The Republicans’ big tax and spending bill has all sorts of gifts – almost all of them for the rich. We will only know the full implications...
Ministry of Health wanted gambling levy increased but a critical report from Gambling Commission has seen request refused.
Ministry of Health wanted gambling levy increased but a critical report from Gambling Commission has seen request refused.
ROME / FRANCE – Production and calorie intake of animal-source products are expected to increase as incomes rise in middle-income countries, but...
ROME / FRANCE – Production and calorie intake of animal-source products are expected to increase as incomes rise in middle-income countries, but...