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: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: empanelment :: due date for vat payment :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT RATES :: VAT Audit :: TDS :: form 3cd
 
 
News Headlines »
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA
 How much income tax you should pay on investments in gold?
  Best ways to save tax in 2017
 8 unknown stocks that could yield huge returns
 Government may set threshold for probe into deposits to prevent harassment of taxpayers
 How to calculate capital gains tax
 April 1 still the target for GST: FM
 How to respond to CBDT’s tax compliance notice
 Goods & Services Tax (GST)(As On 01-01-2017)
 Excise, service taxpayers to migrate to GST portal by January 31

I-T dept registers 62% revenue growth in J&K
October, 05th 2006
The income tax department has registered a growth rate of nearly 62 per cent in revenue realisation in Jammu & Kashmir, and a 60 per cent increase in the number of tax payers this year. There has been a tremendous increase in the number of tax payers in the past couple of years. The I-T department has received nearly 52,000 I-T returns till August 31 this year as compared to last years figures of 32,700 during this corresponding period. Authority sources in the I-T department said it generated a revenue of Rs 342.83 crore during 2005-06, while the revenue realisation during 2004-05 was Rs 217.12 crore. It resulted in an overall increase in the revenue by nearly Rs 125 crore in the state. The figures compiled by the department indicated the increase in the number of tax payers was witnessed not only in the Jammu division but also in Kashmir. While around 7,000 fresh returns were filed in Kashmir last year, the number has gone up to 12,000 now, registering a substantial rise. By the end of this financial year the figures may cross 15,000 mark in Kashmir. While the I-T department recorded fresh receipt of nearly 3,300 I-T returns in Udhampur, in Anantnag it was nearly 4,000. Similarly, in Kathua district 3,600 returns were filed this year as compared to the last years figures of 2,800. A senior I-T officer attributed such a sharp increase in the receipt of I-T returns to the wide spread awareness campaign launched by the team of I-T officers in major towns of the state and the co-operation extended by the Chamber of Industry and Commerce, Jammu and Kashmir. He said the voluntarily compliance to the legal obligation of filing I-T returns would be in the interest of the assessees as this year the department has resolved to conduct surveys for ensuring that tax evaders are penalised.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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