Direct tax collections increased more than economic growth during FY24. While nominal GDP grew by 8.42 per cent during the year, direct tax collections rose by 17.82 per cent, according to data released by the Central Board of Direct Taxes.
A year earlier, in 2022-23 (FY23), nominal GDP grew by 15.11 per cent, but direct tax collections rose by 17.79 per cent. Thus, direct tax buoyancy was 1.18 during that year.
هذه القصة مأخوذة من طبعة October 18, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 18, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
REIMAGINING ROLE OF AGRICULTURE
In the changed context of economic development, agriculture is seen playing a much larger role than perceived in the dominant thinking in development economics
Inside the world of mad billionaires
Two things about this book and its authors. One, this is the most unputdownable non-fiction that I have read this entire year.
Funding education
Easy financial assistance is not enough
Policy approach
RBI is acting selectively and with care
Central banks have the last laugh
They've tamed record inflation without triggering a recession whether through tactical genius or sheer luck is anybody's guess
Reaching new heights of policy success
For over two decades, various government committees—spanning different political dispensations—recommended the corporatization of the 200-year-old Ordnance Factory Board (OFB) to modernize operations.
How Musk's clout with Trump may help his firms
Elon Musk's (pictured) backing of Donald Trump's decisive victory for a second presidency gives the billionaire entrepreneur extraordinary influence to help his companies secure favorable government treatment.
I concede this election but not the fight: Harris
US Vice-President Kamala Harris told supporters to accept her election loss at the hands of President-elect Donald Trump but urged them to keep fighting for the ideals she espoused in her campaign as she publicly conceded the 2024 presidential race.
'Trump's America': Resounding win signals a different kind of country
In her closing rally on the Ellipse last week, Kamala Harris scorned Donald Trump as an outlier who did not represent America. \"That is not who we are,\" she declared. In fact, it turns out, that may be exactly who we are. At least most of us.
Xi congratulates Trump, calls for stable ties
Chinese President Xi Jinping (pictured) on Thursday congratulated President-elect Donald Trump on his election victory and called for China and the US to find the right way to manage the differences by strengthening dialogue and communication.
