Revenue secretary Tarun Bajaj has said that the new exemption-free income-tax regime needs to be tweaked to make it more attractive. Bajaj, who superannuates this Wednesday, told ET’s Anuradha Shukla & Deepshikha Sikarwar in an interview that the tax structure also has to be made more stable. Edited excerpts: What’s next on the agenda for … Read more
Finance minister Nirmala Sitharaman on Sunday said that the trust-based taxation system introduced by the government has resulted in improved collections and increase in the number of return filings. In her message on the 163rd Income Tax Day, the finance minister complimented the department for achieving the highest-ever revenue collection of over Rs 14 lakh … Read more
India’s tax collections soared to a record high of Rs 27.07 lakh crore in the fiscal year ended March 31 as mop-up from income and other direct taxes as well as indirect taxes jumped, Revenue Secretary Tarun Bajaj said on Friday. Gross tax collection of Rs 27.07 lakh crore during April 2021 to March 2022 … Read more
India and the European Union (EU) on Friday expressed hope to forge a host of bilateral cooperation arrangements with a view to boost bilateral trade. At a bilateral meeting with the EU, India shared structural reforms priorities of the country and various steps taken to revive economy hit by COVID-19 crisis. During the 11th India-EU … Read more