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Tax collection jumps 18% to Rs 7,100 crore in Northeast India in FY18

Monday, June 4, 2018, 8:24 AM

Northeast region has witnessed over 18 percent growth in direct tax collections at Rs 7,097 crore in 2017-18, Union Minister of State for Finance Shiv Pratap Shukla said at a press conference . During the same fiscal, the Income Tax Department has brought 1.89 lakh more people under the ambit of tax net, he added.
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I-T dept seizes Rs 440 cr dividend income of Cairn Energy

Sunday, April 15, 2018, 11:32 AM

The Income Tax Department has seized a further Rs 440 crore of dividend income due to Cairn Energy Plc to recover a part of the Rs 10,247 crore tax demand it had raised on the British firm using a retrospective tax legislation. The ITD had previously seized Rs 666 crore of dividends due to Cairn from its 4.95% residual holding in Vedanta Ltd.

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