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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: VAT Audit :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: due date for vat payment :: TDS :: articles on VAT and GST in India :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: cpt
Direct Tax »
 Filing your return may not mean the end of tax issues
 Filing tax return before March 31? Here is what you should do and what not
 CBDT invites suggestions to draft new Direct Tax Law
 Deadline For Income Tax Returns Filing Only 12 Days Away. 10 Points
 Income Tax: E-assessment ensures greater efficiency in the taxation system
 10 Points Deadline For Income Tax Returns Filing Only 2 Weeks Away.
 Income tax returns (ITR) filing: A step by step guide to check your ITR status online and offline
 How to save tax; amazing tips to make your money stay in your wallet Income tax returns (ITR) filing
 Want to save tax? Here are the best options
 Suggestion For Option To Assessee For Higher And Lower TDS/TCS For Optimization Of Tax Collection And Refunds
 CBDT to conduct nationwide review of tax collection for FY18 today

Taxmen to bank on high profit segments to meet target
October, 15th 2011

Faced with an increased and "difficult" direct taxes target of Rs 5.85 lakh crore this fiscal, the taxmen will focus on high profit-making segments of the economy, a top official said today.

"These are difficult targets to achieve...We will check sections of the economy where profits are high, will compare returns (with) what they are paying in advance taxes," Chairman of the Central Board of Direct Taxes (CBDT) M C Joshi said on the sidelines of an Assocham function here.

But he did not elaborate as to which all sections will come under the increased vigilance.

Joshi said though the target of Rs 5.85 lakh crore is "difficult" in the backdrop of "not very good economic environment", the authorities would put in place measures in the next few months raise collections.

The CBDT has revised the target upward by 10%(Rs 53,000 crore) for the current fiscal to keep the fiscal deficit at the budgeted level of 4.6%of the Gross Domestic Product.

Personal income tax and the corporate tax are the two main sources of the direct tax colletions which contribute bulk of the total government revenue.

Country's industrial output has remained subdued during July and August leading to fears that it would have impact on the GDP numbers in the second quarter.

However, Joshi said "We are confident as we move towards next instalment (of advance tax). We will get significant amount of tax".

The overall advance tax collections which increased by 12%in the September quarter were below the target of  19%growth.

He said the gross direct tax collections are not "bad", which rose by 23%to Rs 2,57,042 crore in the first six months of 2011-12.

Addressing the function, Joshi said India was playing a major role in the global crusade against black money and has completed negotiations for new tax information exchange agreements (TIEAs) with 16 countries and sovereign jurisdictions.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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