India’s failing Tax System: A tale of Tactics, Tantrums, and Terrible Returns

The impact of the slump in the Indian economy gives the second blow affecting the Budget net direct tax target in the first five and half months of this 2019-20 fiscal year that misses its full-year target of 17.5% to just 4.7%.

Most taxpayers switching to e-filing of ITRs, 6.68 cr e-returns filed: CBDT

6.68 cr e-returns filed during 2018-19, most taxpayers switching to e-filing of income tax returns: CBDT The Central Board of Direct Taxes (CBDT) said on Monday that a total of 6.68 crore income tax returns were e-filed during the financial…