« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR «  ‘Legal framework to back advanced payment and settlement... CBDT norms to address taxpayers` grievances... » Small cities clock smart growth in I-T collections October, 27th 2006 Finance minister’s recent observation that smaller cities have begun paying more taxes is borne out by numbers. Regional centres like Patna, Bhubaneswar, Bhopal and Jaipur also seem to have chipped in to the 40% growth in total income tax collections in the first half of the current fiscal. In fact, growth in personal income tax collections from these centres has been much higher than the national average of 26% in the first half of the current fiscal. Bhubaneswar recorded a growth of 186% in personal income tax collections. Tax collections till September ’06-07, stood at Rs 539 crore, as against Rs 189 crore in the same period of the previous fiscal. Guwahati too, registered a 72.13% growth in personal income tax collections, touching Rs 341 crore in April-September ’06-07. Jaipur zone has witnessed a 51.1% growth. Personal income tax collections from the regional centre grew from Rs 323 crore in April-September ’05-06 to Rs 488 crore in April-September ’06-07. In fact, Jaipur also witnessed the highest growth in corporate tax collections. It witnessed a rise of 209.2%, as against the national average of 47.9% in corporate tax collections which rose from Rs 348 crore in April-September ’05-06 to Rs 1076 crore in April-September ’06-07. Bhopal has witnessed a growth of 44.96% in personal income tax collections from Rs 639 crore in April-September ’05-06 to Rs 927 crore in the first half of the current fiscal. Hyderabad also saw similar growth levels. Personal income tax collection in first half this fiscal grew by 45% to Rs 1,443 crore from Rs 995 crore in corresponding period last fiscal. Patna witnessed a growth of 37.6% in personal income tax collections. Collections rose from Rs 280 crore in April-September ’05-06 to Rs 386 crore in April-September ’06-07.