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: due date for vat payment :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: VAT Audit :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: form 3cd :: empanelment :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD
Direct Tax »
 CBDT issues final rules for taxing share buy back by companies
 CBDT issues final rules for taxing share-buyback
 The direct tax collections up to September, 2016 are at Rs. 3.27 lakh crore which is 8.95% more than the net collections for the corresponding period last year.
 IDS is tremendous success: CBDT chief Rani Singh Nair
 Submit monthly data of appeals disposed of: CBDT to officers
 Direct tax mop-up jumps 9 per cent in H1, indirect tax up 26 per cent
 Income tax department slams notice on five Mumbai-based exporters over offshore accounts
 Redress TDS mismatch grievance of taxpayers: CBDT
 Tax department changes rule for accommodating deductions for deferred spectrum payment
 Tax dept renotifies income computation, disclosure standards
 Sushil Chandra to be the next CBDT chief

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