Assam’s Numaligarh Refinery posts Rs 3,562 cr profit after tax

Guwahati, Sep 19 (IANS) Assam’s state-owned Numaligarh Refinery Ltd (NRL) posted a record earnings in fiscal 2021-22 with profit after tax of Rs 3,562 crore as compared to Rs 3,036 crore in the previous year, or an increase of Rs 525 Crore. After the 29th NRL’s Annual General Meeting, Chairman-cum-Managing Director Ranjit Rath on Monday … Read more

Gross direct tax collections rise 30% in 2022-23, net direct tax collections up 23%

New Delhi, Sep 18 (IANS) Gross direct tax collections till 2022-23 as on September 17 stood at Rs 8.36 lakh crore, witnessing a growth of 30 per cent over collections of corresponding period of last year. Net direct tax collections stood at Rs 7.01 lakh crore for the current fiscal till September 17, showing a … Read more

Pvt companies required to deduct tax at source while issuing bonus or rights shares

New Delhi, Sep 13 (IANS) The Central Board of Direct Taxes (CBDT) on Tuesday issued another circular to further clarify issues arising on deduction of tax at source under the newly-inserted Section 194-R in respect of benefits or perquisites provided to residents in cash or in kind in the course of business or profession. As … Read more