India's gross direct tax collections surged 15.6% to exceed Rs 27 lakh crore in the last fiscal year, driven by increases in both income tax and corporation tax. Net direct tax collection aligned ...

New Delhi [India], April 25 (ANI): 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 lakh crore in the financial year ...

Bear run in the stock market and higher refund caused net direct tax collection to miss the revised estimates (RE) target for fiscal year 2024-25 (FY25) by around ₹10,000 crore. However ...

After receiving tax collections from imports and local sources, the revenue gap had been reduced but still remained significant. For the July-March (2024-25) period, the FBR collected Rs 8,464 ...

Companies may foot less of the tax bill for some time yet. Illustration: Dominic Xavier/Rediff.com The corporate share of net direct tax collections has been lower in 2024-25 than in previous years.

WASHINGTON — The Trump administration plans to eliminate the IRS' Direct File program, an electronic system for filing tax returns directly to the agency for free, according to two people ...

The elimination of the Direct File program is the tax prep industry’s gain — but a major loss for American taxpayers.