Tag: tax department

New record of over 7.28 cr income-tax returns filed, says tax department

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New record of over 7.28 cr income-tax returns filed, says tax department

Photo used for representation purpose only. | Photo Credit: Getty Images/iStock A new record of over 7.28 crore income tax returns were filed by the July 31 deadline, the income tax department said on August 2. The income tax returns (ITRs) filed for the assessment year 2024-25 compares to 6.77 crore filed last year, it…

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Direct tax collections exceed estimates in FY24; jump 18% to ₹19.58 lakh crore

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Direct tax collections exceed estimates in FY24; jump 18% to ₹19.58 lakh crore

Image for representation purpose only. | Photo Credit: V. Sudershan India’s net direct tax collections surged by a massive 17.7% year-on-year to ₹19.58 crore in the fiscal year ended March 2024, surpassing even revised estimates by a wide margin, the tax department said on Sunday. Net collections of income and corporate taxes, which make up…

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