Ministry Of Finance News

China’s Huawei accused of tax evasion by Indian officials: Report

China’s Huawei accused of tax evasion by Indian officials: Report

New Delhi: An Indian tax investigation into China`s Huawei Technologies has found the telecoms equipment maker manipulated account books to reduce its taxable income in the country, according to official sources. Without naming the company, the Ministry of Finance said a major telecoms group did not account for income of

Govt’s net direct tax collections grows over 100% in FY 2021-22

Govt’s net direct tax collections grows over 100% in FY 2021-22

New Delhi: Despite disruptions caused by the Covid-19 pandemic on the Indian economy, Centre’s net direct tax collections for the financial year 2021-22 have more than doubled to Rs 1.85 lakh crore, an official statement showed on Wednesday.  In a release, the ministry of finance informed that net direct tax