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5.95 crore ITRs for Assessment Year 2020-21 were filed : Income Tax Department

Income Tax Department sources said 5.95 crore income tax returns (ITRs) for the fiscal year ended March 31, 2020 (2019-20) were filed by January 10 2020   The ITR filing deadline for individuals ended on January 10 while for companies it is till February 15.   The tax department in a tweet said 5.95 crore Read More…

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Drop of direct tax by 31% and indirect tax by 11 % alarms worst fiscal deficit in cards

According to data provided by Minister of State for Finance Anurag Thakur in Lok Sabha :   The net direct tax collection in April-August period of the current fiscal was 31.1 per cent lower on year-on-year (YoY) basis at over Rs 1.92 lakh crore During the same period of the last financial year, 2018-19, the Read More…