Rising ITR-2 Filings Coincide with Increased Investments in Stocks & Mutual Funds
TL;DR Income Tax Return (ITR) filings in India have grown steadily, reaching 8.9 crore in…
Browsing: tax
Data: As of March 2022, Nearly 5.02 Lakh Cases Remained Unresolved at Commissioner of Income Tax (Appeals) Amounting to ₹14.18 Lakh Crores
Data indicates that by the end of 2021-22, nearly 5.02 lakh cases remained unresolved at…
Data: As of 2023-24, more than 90% of The Unrealized Tax Revenue is Corporation & Income Tax Related
Data from the budget documents indicates that a significant portion of taxes remain locked in…
Data: Deductions Under Section 80C and Rebate Under 87A Accounted for More Than 70% of the Revenue Foregone for Individual Taxpayers in 2022-23
The Income Tax Act provides tax incentives to promote exports, regional development, infrastructure growth, employment…
Data: Between 2010-11 & 2024-25, Share of Corporate Tax in Direct Tax Collections Reduced From 67% to 46%
Data indicates that direct taxes have dominated the Central Government’s tax revenue throughout the years.…
Data: Close To 70% of The ITRs Filed in 2022-23 Amounted to Zero Tax Liability
Recently shared data by the government in the Lok Sabha indicated that while there is…
Data: Share of Government Employees/Pensioners Among The Personal Income Taxpayers Doubles in Last 10 Years
Data shared by the government in Parliament and data from the CBDT indicates the number…
Review: Huge Pendency of Cases Where Prosecution is Launched by The IT Department Following Search & Seizure
Survey, Search & Seizure operations of the Income Tax department create a huge media spectacle.…
Data: As Share of Cesses & Surcharges in GoI’s Gross Tax Revenues Increases, Under Utilization & States Losing Out Are Cause For Concerns
Data indicates that the share of Cesses & Surcharges in the Gross Tax Revenue of…
Data: Net Market Loans of the Union Government crossed 10 lakh crore rupees for the first time in 2020-21
The pandemic forced all governments to increasingly rely on loans to meet expenditures. Increased debts…
