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 :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: articles on VAT and GST in India :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: VAT RATES :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: VAT Audit
 
 
« Direct Tax »
 Can we measure demonetisation’s impact on income tax collections?
 CBDT signs 2 more advance pricing pacts
 Income tax returns: How to calculate income from house property
 CBDT proposes new accounting standards for real estate firms
 1 lakh entities face I-T action as ‘clean money’ drive gains pace
 Here are 4 things to know about how CBDT improves ease of doing business by issuing PAN and TAN within 1 day
 Online platforms make tax filing easy, help fill details automatically
 Delhi HC refuses to stay tax case against Young Indian
 CBDT issues draft ICDS on real estate
 CBDT chairman Sushil Chandra gets one-year extensiona
 Income-tax (9th Amendment) Rules, 2017? - Amendment of Income-tax Rules, 1962 - Prescribing form & manner of exercise of option by the domestic company for the purposes of section 115BA of the Income-tax Act, 1961-reg

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 2017 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