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: empanelment :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: cpt :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: TDS :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company
 
 
News Headlines »
 Reforming the income tax tribunal
 How the new system might impact consumers and businesses
 10 ways you get benefited from filing your tax return
 Returns under CGST Act,2017 with Rules
 Ten facts to know about filing income tax return this year
 The Ten Commandments of Tax Filing
 How to claim income tax refund
 How to time your buys to have best of two tax regimes
 Here's why you must always check Form 26AS before filing tax return
 Want to file your income tax return after June 30? Having Aadhaar card is a must
 Timeline for filing of tax returns extended by two months

Tax collection up in Bengal
November, 09th 2006
Corporate West Bengal is on a roll. 
 
This is not a statement of any industry captain, but of the officials of the income tax department. They feel that industry in the state is doing well as the corporate tax collection is increasing at a scorching pace in the state. 
 
The growth in the overall direct tax collection in the state is largely due to buoyant corporate tax collection in the first seven months of this fiscal as the growth in the personal income tax collection remained sluggish. 
 
The income-tax officials were interacting with the media during the launch of help centre at Aaykar Bhawan here in Kolkata. 
 
The commissioner of income tax (computer operation), Gautam Chowdhury, said that the department has collected Rs 3,000 crore of corporate tax in the first seven months of the current fiscal till October 31. 
 
This is close to 40 per cent more than the collection figure of the corresponding period of last financial year. 
 
The corporate tax collection during the same period in 2005-06 was Rs 2,200 crore. 
 
The corporate tax collection in the first seven months of 2004-05 was Rs 1,300 crore. 
 
"There is 200 per cent jump in corporate tax collections in last two years which is really remarkable," Chowdhury said. 
 
The total tax collection has also grown from Rs 3,200 crore till October 31, 2005-06 to Rs 4,100 crore in the current fiscal, a growth of 27 per cent. Chowdhury pointed out that the corporate tax collections is increasing at a healthy rate for last 2-3 years. 
 
"Industry is looking upbeat here. This trend is reflected in the corporate tax collection," he said. 
 
According to him, the income tax department has set a target of net tax collection at Rs 9,900 crore in 2006-07 compared to a collection of Rs 7,700 crore last fiscal. "We are hopeful to achieve the target," he added. 
 
However, Chowdhury informed that the collection of income tax was sluggish till October 31, of current fiscal at Rs 1,100 crore from Rs 934 crore in the same period of the last financial year, a growth of less than 20 per cent. 
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

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