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Direct Tax »
 CBDT asks I-T dept to take urgent steps
 I-T department asks taxpayers to update their information on e-filing portal
 Companies may have to submit income estimates by 15 November
 CBDT proposal on advance estimates of tax liability irks industry
 Advance tax calculation: Firms may have to furnish Apr-Sept income estimates
 Companies may have to furnish Apr-Sept income estimates to I-T dept
 CBDT working on a draft rule that makes it compulsory for companies to provide income estimates by Nov 15
 Companies, HNIs may soon have to specify reason for paying less advance tax than previous year
 TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
 CBEC tells field officers to take GST disputes to Supreme Court
 Jurisdiction-free income-tax assessment on the cards

India's H1 Gross Direct Tax Collections
October, 10th 2012

Gross direct tax collection during April-September of the current fiscal was up by six percent to Rs.2,72,133 crore from the Rs.2,57,042 crore in the corresponding period last year, while net direct tax collections stood at Rs.2,26,603 crore, compared with Rs.1,94,812 crore in the same period in the last fiscal, reflecting a growth of 16 percent, according to Finance Ministry press release.

While gross collection of corporate taxes showed an increase of two percent (Rs.1,78,173 crore, compared with Rs.1,75,360 crore last year), gross collection of personal income tax was up by 15 percent (Rs.93,451 crore as against Rs.81,353 crore last year).

Growth in wealth tax was 54 percent (Rs.474 crore against Rs.308 crore last year), whereas growth in securities transaction tax (STT) fell by seven percent (Rs.2,076 crore against Rs.2,502 crore).

 
 
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