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Direct tax

Net direct tax collections rise 13.57% year-on-year for FY25

April 27, 2025 by Pooja Gupta
Net direct tax collections rise 13.57% year-on-year for FY25

India’s direct tax collections, in gross terms, have witnessed a robust growth of 15.59 per cent year-on-year, reaching Rs 27.02 …

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These cash transactions may attract up to 100% penalty by Income Tax Department

January 10, 2025 by Pooja Gupta
These cash transactions may attract up to 100% penalty by Income Tax Department

The Income Tax Department while acknowledging Indian society’s affinity with cash transactions warned that the Income Tax Act, 1961 discourages …

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