Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: cpt :: VAT Audit :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: form 3cd :: empanelment :: articles on VAT and GST in India :: VAT RATES :: due date for vat payment :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4%
 
 
News Headlines »
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits
 Want to save tax? Here are 6 best investment options for you
 Income Tax department activates e-filing facility for all ITRs
 All the income-tax return forms for the current assessment year are available online
 New GST – CONCEPT & STATUS – As on 01st May, 2017

I-T collections rise 43%
October, 30th 2006

Income-tax collections have registered a growth of 43 per cent so far this year and the Finance Ministry is confident of meeting this year's Budget estimates, according to the Union Revenue Secretary, Mr K.M. Chandrasekhar.

This growth is due to a number of factors like growth in economy, good financial performance by companies resulting in higher corporate income-tax payments, improved administration, better compliance and measures to check avoidance, he said here. (According to the 2006-07 Budget, taxes on income for 2005-06 were Rs 66,239 crore while the estimates for 2006-07 were Rs 77,409 crore.)

Mr Chandrasekhar, who earlier reviewed the performance in Tamil Nadu, said the performance in customs, excise and service tax collections was also good.

Asked about his meeting with Tamil Nadu Government officials, Mr Chandrasekhar said he discussed the Money Laundering Act with them. This legislation involved various other acts like the Forest Act, Arms Act and IPC and could be implemented jointly with the State Governments. Tamil Nadu's performance on tax collection was good, he said.

Till October 15 this financial year, the income-tax collections in Tamil Nadu - both corporate and personal - stood at Rs 5,600 crore against Rs 4,442 crore in the same period previous year.

The collections so far were 40.36 per cent of the year's target of Rs 13,872 crore.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions