Central Board Of Direct Taxes

India’s Income Tax Overhaul: Government Launches Revamp Process

07 Oct 2024

The government aims to make the Income-tax Act, 1961, concise and easy to understand. The goal is to ensure taxpayers can easily navigate tax laws without confusion. Reducing Litigations: By making tax laws clearer, the government hopes to minimize disputes and reduce the number of cases that end up in...

Direct tax collections are up at Rs 6.53 lakh crore so far

12 Aug 2023

Until now, Gross Direct tax collections in India in the financial year 2023-24 have seen steady growth with a total wind-up at Rs 6.53 lakh crore. There is a 15.73 per cent increase over the amount received in the same period last financial year. The Net Direct Tax collection, net...