Sunday, 22 May, 2022
TopicDirect taxes

Topic: Direct taxes

CBDT extends due dates under Direct Tax ‘Vivad se Vishwas’ Act, 2020 till 30 September

ANI -
Considering the difficulties being faced in issuing and amending Form no 3—which is a prerequisite for making payment by the declarant - the last date has been extended, CBDT said.

India’s direct tax collections double to more than Rs 1.85 lakh crore in 2021-22

PTI -
The gross collection of direct taxes for this fiscal stood at over Rs 2.16 lakh crore, compared to Rs 1.37 lakh crore in the corresponding period of the preceding year.

Budget 2021 is taxpayer friendly — plugs abuse of welfare schemes, respects honest taxpayers

Seema Kejriwal -
Nirmala Sitharaman's Budget proposals regarding investment in infrastructure, heath and other sectors are capital intensive and will usher significant funds in the Indian economy.

Direct tax collection contracts in April-Feb period, Rs 3.5 lakh crore now needed in March

Remya Nair -
A slowdown in economic activity is likely to further hit collections. Modi govt is banking on positive response to dispute resolution scheme to meet targets.

Ayodhya Trust, Kejriwal on front page, pink papers divided on ‘Vivad se Vishwas’ bill

Taran Deol -
A round-up of the most important reports in major newspapers around the country – from TOI and HT, Express and The Hindu to The Telegraph, Mumbai Mirror and The Tribune, as well as top financial dailies.

Slow growth in tax collections rings alarm bells, govt forms committee to augment revenues

Remya Nair -
Direct tax collections are growing at around 5% against a budgeted 17% growth and GST revenues have been growing at nearly 12% against a budgeted 15% growth.

Modi’s new govt plans to cut income tax rates, widen tax base

Rajeev Jayaswal -
Direct tax reform to take centre stage in Modi's second term. Taxation process to be eased for honest taxpayers.

CBDT raises alarm as direct tax collection falls 15% short of target

PTI -
CBDT member Neena Kumar has said as against the budget collection target of Rs 12,00,000 crore, only 85.1% of the target has been collected as on 23 March. 

Modi govt says it’s within its rights to make tax announcements in interim budget

Mahua Venkatesh -
If govt thinks there's a pressing issue, it's perfectly legitimate to make tax announcements in interim budget, says economic affairs secretary Subhash Garg.

Piyush Goyal asks tax officers to refrain from being overzealous

PTI -
The cabinet minister asked taxmen to trust customers with a great degree of intelligence, while adopting a customer-friendly approach.

On Camera

YourTurn

Opinion

Title scene of Taarak Mehta ka ooltah chashmah.

Dear Taarak Mehta, you were our peak comfort content for 14 years. Now it’s time to retire

Yashika Singla -
Just like the Truman Show, all Taarak Mehta plots somehow feel the same for the past few years. It's fine to accept that ideas can go stale.
The Gyanvapi Mosque and Kashi Vishwanath Temple, Varanasi | Photo: Praveen Jain | ThePrint

Gyanvapi row and Places of Worship Act were born together. Now each wants to end the other

Credit: ThePrint Team

The LIC way or the Air India way — that is the multi-crore disinvestment question

Economy

An attendant refills a two-wheeler with fuel at a petrol pump in New Delhi Saturday | ANI

Under fire for spiraling inflation, Modi govt announces excise duty cut on fuels, LPG subsidy

Shubham Batra -
It has also decided to enhance the fertiliser subsidy for farmers, and reduce import duty on some raw materials. ‘It is always people first for us!’ tweets prime minister.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

Snehesh Alex Philip -
In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

National Interest

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

Shekhar Gupta -
That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.

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