paying taxes in a good way--keeps the taxmen abay !!
Good compliance to keep taxman at bay !
Delhi : You can breathe easy this fiscal—at least as far as the taxman is concerned. Satisfied with the revenue collections so far, the tax authorities are unlikely to focus on income surveys, audits or raids for the remainder of the year. A finance ministry official told FE: "Given the robust tax collections in the first quarter, especially direct taxes, we don't think it will be necessary to use any of these measures. We are confident of reaching our full-year target of Rs 2,67,491 crore." Voluntary compliance by taxpayers has been quite good and the department is confident this trend will continue, he said
News posted by
CCI News Desk
Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.
Recent News :
- ICAI Handbook on NRI Residential Status: Key Tax & FEMA Rules Explained
- Congress Leader Alleges CAs Aid Tax Evasion, Sparks Debate Among Tax Professionals
- GST on Restaurant Bills: Chartered Accountant Explains How to Check GSTIN
- Income from Other Sources Under Income Tax Act 2025: Key Rules, Taxable Incomes and Deductions
- GSTN Enables Appeals for NIL or Zero Demand Orders on GST Portal
- NCLT Chennai Dismisses EY's Rs 3.11 Crore GST Fee Plea, Says ICAI May Examine Arrangement
- ESOP Taxation Under Income Tax Act 2025: Rules for Employees and Start-Up Workers
- Advance Ruling Under Income Tax Act 2025: Eligibility, Form 120, Fees and Procedure
- Corporate Mitra Course Begins with 2,879 Learners in First Batch
- FEMA Amendment 2026: Inventory-Based E-Commerce Now Allowed for Indian Goods Exports
Popular News
- Maintenance of Books of Accounts Under Income Tax Act, 2025
- Income from House Property Under Income Tax Act 2025
- HUF Tax Rules 2026: New Tax Regime Slabs, Surcharge and Partition Provisions
- Doctor Pays Rs 58 Crore in Tax on Rs 149 Crore Income, Sparks Debate Over Taxpayer Value
- Income from Other Sources Under Income Tax Act 2025: Key Rules, Taxable Incomes and Deductions
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
