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: cpt :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: Central Excise rule to resale the machines to a new company :: TDS :: ACCOUNTING STANDARD :: form 3cd :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: empanelment :: due date for vat payment :: list of goods taxed at 4%
 
 
News Headlines »
 Seven things you must do before 31st March
 Income Tax saving investments: Top 5 options available for high-income individuals
 How to use zero tax rule on long term capital gains on stocks
 GST Returns - Furnishing details of inward supplies
 5 ways to maximise you income tax return
 Income-tax (2nd Amendment) Rules, 2017
 Soon, Faster PAN, An App For Filing Tax Returns
 Changes in income tax return filing process
 New Income Tax Rates And Deductions Applicable From April 1, 2017
 Tax and transparencya
 No decision yet on imposing tax on cash transactions

Direct tax collections up 40 pc at Rs 1,22,000 crore
October, 19th 2007
A booming economy and better tax compliance have enabled the government post a 40 per cent jump in direct tax collection at Rs 1,21,950 crore till October 15 this fiscal against Rs 86,751 crore during the same period last fiscal.

Corporate tax contributed Rs 75,549 crore, up by 40.29 per cent from Rs 53,853 crore during same period in the previous fiscal, an official statement said on Monday.

Personal income-tax, fringe benefit tax, securities transaction tax and banking cash transaction tax yielded 45.13 per cent more at Rs 46,320 crore against Rs 32,821 crore.

Bullish securities market led to a collection of Rs 3,784 crore through securities transaction tax, up 48.05 per cent against Rs 2,556 crore.

Banking Cash Transaction Tax collections were up 20.22 per cent at Rs 284 crore against Rs 236 crore.

Fringe Benefit Tax collections recorded a growth of 87.92 per cent at Rs 2,326 crore against Rs 1,238 crore.

While tax deducted at source grew by 49 per cent, advance tax collections rose by 30 per cent till September 15.

Growth in TDS is a strong indicator of increasing employment, employee compensation and private investments. Growth in advance direct tax collections implies better profitability and improved cash flows in businesses particularly in the core, consumption and financial sectors.

Growth in direct tax collections is also due to better tax compliance which is indicated by an increase of 64 per cent in self-assessment tax.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

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