paying taxes in a good way--keeps the taxmen abay !!
Last updated: 14 July 2007
Follow on
Google News
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.
Comments
Recent News :
- CBDT Authorises DGIT (Systems) to Upload Global Financial Information in AIS Under Income Tax Act, 2025
- ICAI Invites Public Comments on Revised Guidance Note for Tax Audit under Section 44AB of IT Act 1961
- MCA Extends CCFS-2026 Deadline to 31st August 2026 Amid Data Centre Restoration
- ITR-5 Excel Utility for AY 2026-27 Released
- PFMS Users Can Now Authenticate Using PAN or Bank Account Under Revised Aadhaar Rules
- CBDT Grants Tax Exemption to NCCL's Core Settlement Guarantee Fund Till AY 2026-27
- Centre Expands NPS Investment Options for Employees of Autonomous Bodies
- Finance Ministry Notifies 7.1% Interest on Special Deposit Scheme Deposits for Q2 FY 2026-27
- Finance Ministry Grants Aadhaar Authentication Permission to Home First Finance
- ICAI Introduces New Tax Audit Count Tracking Feature on UDIN Portal
Popular News
- MCA Releases Corporate Mitra Scheme Guidelines 2026
- GSTN Revises Amendment of Aggregate Annual Turnover (AATO) Amendment Timeline for FY 2025-26
- CBDT Condones Delay in Filing Form 10AB for 80G Approval Applications Till 31st March 2026
- ICAI Strengthens AI Push with Sarvam AI Partnership and New AI Certification Course
- CBDT Notifies TDS Exemption on Aircraft Lease Rentals Paid to IFSC Units Under Income Tax Act, 2025
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
