{"id":86051,"date":"2019-06-25T16:00:47","date_gmt":"2019-06-25T10:30:47","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=6206"},"modified":"2019-06-25T16:00:47","modified_gmt":"2019-06-25T10:30:47","slug":"effective-tax-base-growth-highest-in-five-years","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/effective-tax-base-growth-highest-in-five-years\/","title":{"rendered":"Effective tax base growth highest in five years"},"content":{"rendered":"\n
  1. Finance ministry has said that the effective taxpayer base has increased by 13.5% for the assessment year (AY) 2018-19.This is the highest rate in the last five years.<\/li>
  2. The tax base which includes assessees filing I-T returns along with those whose tax is deducted at source rose to 8.44 crore in 2018-19 compared with 7.42 crore in FY18.<\/li>
  3. However,the direct tax collection has missed the revised estimate by Rs 62,000 crore.The Budget estimate for the current fiscal shows that collections would need to increase by over 22% from actual collections.<\/li>
  4. The e-returns filing also grew by nearly 19% in AY19 to 6.49 crore compared with 5.47 crore for AY18.<\/li>
  5. Direct taxes are levied on a person\u2019s or a firm\u2019s income or wealth.The incidence and impact of the direct tax fall on the same person.Example: Income Tax,Corporation Tax,capital gains tax and Wealth Tax.The impact of direct tax is not Inflationary.<\/li><\/ol>\n

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    Finance ministry has said that the effective taxpayer base has increased by 13.5% for the assessment year (AY) 2018-19.This is the highest rate in the last five years. The tax base which includes assessees filing I-T returns along with those whose tax is deducted at source rose to 8.44 crore in 2018-19 compared with 7.42… Continue reading Effective tax base growth highest in five years<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3599,3600],"class_list":["post-86051","post","type-post","status-publish","format-standard","hentry","category-economy","tag-direct-tax","tag-taxpayer-base","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704610325},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86051"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86051\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}