Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: ACCOUNTING STANDARD :: due date for vat payment :: ACCOUNTING STANDARDS :: VAT RATES :: TDS :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT Audit :: articles on VAT and GST in India :: cpt :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
News Headlines »
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol
 6 Tax notices you may get and how to cope with them Income Tax Notice
 Deadline to pay advance tax ends tomorrow: Here is a step-by-step guide
  Central Goods and Services Tax (Second Amendment) Rules, 2018
 Income Tax Return Filing Deadline: Waiver On LTCG Tax To End On 31 March. Details Here
 Income tax returns (ITR) filing: Top mistakes that can be very costly
 Income Tax Return (ITR) filing: 6 last-minute things you can still do to save tax for FY17-18

Smaller cities show more collections
October, 03rd 2007

The country's financial capital Mumbai may still be on the top of the table in terms of paying direct taxes but smaller cities are catching up fast with many of them such as Chandigarh, Lucknow and Kanpur exceeding government's expectations by recording 25-78 per cent growth.

The unexpected rise in growth of direct taxes, including corporate tax and income tax, in smaller cities in the range of 25-78 per cent this year as against a target of 9-20 per cent has proved to be a windfall for Income Tax Department.

"Smaller cities have shown a substantial growth in tax collections due to addition of high salary jobs in the IT, real estate, auto, finance and retail sectors, which has resulted in rise in tax collections, even beyond our expectations," a senior Finance Ministry official said.

Out of total Rs 60,970 crore collected till August 31 this year, these towns contributed over one-third of the total collections. Although the higher percentage growth comes on the back of a lower base, it reflects the rising economic activities in smaller towns and cities.

For instance, in the economically backward considered state of Uttar Pradesh, the Lucknow region has shown a growth of 78.57 per cent in tax collections, as against an expected target of 19.16 per cent within a year.

Corporate tax collections touched Rs 182 crore as against Rs 76 crore previous year. The neighbouring Kanpur region has also shown a growth of 62.28 per cent as against expected target of 18.14 per cent till August end this year.

The department has shown a massive increase in net collection of direct taxes, estimated to touch Rs 1,09,000 crore till September 15 over Rs 77,000 crore a year ago.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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