« Direct Tax » Open DEMAT Account in 24 hrs  GSTR-3B deadline expired: File now to avoid input tax credit loss, GST registration cancellation  ITR Filing: Income tax department shortens time limit for condonation of delay What it means for taxpayers  CBDT launches campaign to intimate taxpayers on undeclared foreign assets in ITR  ITR AY2024-25: CBDT launches campaign for taxpayers to report income from foreign sources   CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024  CBDT weighs overhaul of designations for income tax officials to secure better clarity  Direct tax-GDP ratio at millennial high in FY24  CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024  Tax filing: How to choose the right ITR form  Income Tax Return: How to maximise your tax refunds while filing ITR?  Last date for filing income tax return (ITR) «  Tax mop-up shortfall may touch Rs 75,000cr... Govt warns tax evaders to correctly pay dues or face action... » Govt tones down direct tax growth target December, 12th 2012 The government seems to have toned down its 14% growth target for direct taxes receipts this fiscal. The finance ministry on Thursday said net direct tax collection up to November 15 this fiscal rose to Rs 2.65 lakh crore, which is just 53% of the budgeted target for the whole year. "It is expected that the total direct tax collection for 2012-13 financial year will exceed the collection for 2011-12," minister of state for finance S.S. Palanimanickam said in Rajya Sabha. India had collected Rs 4.9 lakh crore as direct taxes last year and had estimated that receipts would go upto Rs 5.6 lakh crore this fiscal.