-Livemint.com Unless the convoluted arithmetic behind fiscal deficit gets as much attention as headline fiscal deficit number, creative accounting practices will go on Mumbai: The Narendra Modi-led National Democratic Alliance (NDA) government has been lauded for its ability to rein in the headline fiscal deficit over the past few years, which has arguably helped tame inflation. However, with reverses in key assembly elections earlier this month and Lok Sabha elections to be...
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Mid-year review: Only five tax regions manage to achieve revenue mop-up goals -Rahul Wadke
-The Hindu Mumbai among biggest laggards with 3.8% growth in collections against a target of 13.3% Mumbai: The Income Tax Department may miss the revenue collection target for this fiscal going by the numbers for the first two quarters. Out of 18 income tax regions in the country, only five — Delhi, Uttar Pradesh (E), Uttar Pradesh (W), Odisha and the North-East — have managed to achieve the revenue goals in the...
More »How GST and demonetisation impacted govt finances -Tadit Kundu
-Livemint.com tax collections from goods and services tax (GST) have been underwhelming, and the government is set to miss this year’s fiscal deficit target Mumbai: Widening the tax base and collecting more taxes has been a priority for the current government at the centre. This government’s two major economic disruptions—the introduction of goods and services tax (GST) and demonetisation—were justified in the name of raising tax compliance among other things. However, these...
More »Green tax helped Delhi collect hundreds of crores for buses. So where are they? -Priyamvada Grover
-ThePrint.in The Arvind Kejriwal govt is believed to have collected around Rs 1,800 cr till September 2018, but Delhi is yet to get new buses. New Delhi: The winter months are back with the suffocating blanket of smog that has now become a Delhi fixture, but crucial steps that can help check the capital’s notorious pollution problem continue to hang fire. A fund running into hundreds of crores of rupees is reportedly lying...
More »Who pays taxes and who doesn't -Ram Singh
-The HinduThe number of tax returns filed has gone up but collections have not shown a commensurate increaseThe Central Board of Direct Taxes has released the latest data on income tax collections. Several interesting facts emerge from the data. The number of taxpayers has increased drastically over the last four years. The number of tax returns filed has surged to 6.85 crore in FY 2017-18, an 80% growth since FY...
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