Matribhumi Samachar English
The provisional figures of Direct Tax collections for the Financial Year 2024-25 (as on 17.06.2024) show that Net collections are at Rs. 4,62,664 crore, compared to Rs. 3,82,414 crore in the corresponding period of the preceding Financial Year (i.e. FY 2023-24), representing an increase of 20.99%. The Net Direct Tax collection of Rs. 4,62,664 …
Read More »Clarification regarding applicability of new tax regime and old tax regime
It has come to notice that misleading information related to new tax regime is being spread on some social media platforms. It is therefore clarified that the new regime under section 115BAC(1A) was introduced in the Finance Act 2023 which was as under as compared to the existing old regime …
Read More »Income Tax Department to mount e-campaign for Advance Tax e-campaign for F.Y. 2023-24
New Delhi. The Income Tax Department has received certain information on specific financial transactions undertaken by persons/entitiesduring Financial Year(F.Y.) 2023-24. On the basis of analysis of the taxes paid so far during the current financial year, the Department has identified suchpersons/entities where payment of taxes for F.Y. 2023-24(A.Y. 2024-25) is …
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