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: form 3cd :: VAT Audit :: cpt :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: list of goods taxed at 4% :: empanelment :: ACCOUNTING STANDARDS :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD
 
 
Direct Tax »
 CBDT urges people to protect bank accounts from 'unscrupulous elements'
 No change in gold seizure norms in proposed I-T Law amendments
 Direct tax collection will get a long-term boost, Franklin Templeton says
 I-T Act amendments upset calculations of cash hoarders
 Claim tax benefit on costs incurred to evict tenants
 The Integrated Goods And Services Tax Act, 2016
 Here’s what Income Tax Department did leading up to demonetisation
 I-T department asks IDS declarants to pay tax by November 30
 Cash trove tax drive dilemma
  CBDT halves Income Tax refunds issue timeline to 15 days for this fiscal
 CBDT signs four unilateral advance pricing agreements

FinMin: Revenue through the direct tax collection rose 17.2%
October, 30th 2010

The Ministry of Finance has said that revenue through the direct tax collection rose 17.2 per cent to around Rs 2.02 lakh crore as of September 30, and that this was 47 percent of the government's budgetary target for the current fiscal.

Speaking to reporters after an interactive session on Direct Taxes Code (DTC) organised by Confederation of Indian Industry (CII) here, Sunil Mitra, revenue secretary in the ministry of Finance, said that tax collection, both direct and indirect, target for the current fiscal was Rs 7.45 lakh crore.

Of that, Rs 3.15 lakh crore will be through indirect tax and Rs 4.30 lakh crore through direct tax.

Looking at the current growth scenario, tax collection in the current fiscal will increase by around 19 per cent compared to last year, said Mitra.

Revenue from customs between April and September 2010 was Rs 62,747 crore as compared to Rs 37,907 crore last year, an increase of 65.5 per cent.

Central excise collection stood at Rs 60,360 crore as compared to Rs 43,234 crore, an increase of 39.6 per cent. Service tax collection rose by 16 per cent to Rs 26,889 crore from Rs 23,188 crore.

According to Mitra, of the 32.5 million income tax base, 30 per cent of the tax payers are in the zero to Rs 5 lakh category while 10 per cent are in Rs 5-8 lakh and remaining 60 per cent are above Rs 8 lakh.

Earlier talking to industry representatives on the DTC Bill, Mitra said that so far the department has received 1,600 comments from stakeholders on the draft bill which was put on the public domain last year.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

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