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: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: VAT RATES :: cpt :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit
 
 
« Indirect Tax »
 How it affects long-term capital gains tax calculations
 Should you opt for 'consultant' status to lower tax outgo?
 Income Tax department to issue ‘non-statutory’ letters in case of no reply
 E-commerce majors seek removal of tax at source on sellers
 New direct tax regime would benefit state
 Indirect tax collections increase by 16.9 per cent in January
 Tax officers to file self-appraisal report on e-assessment
 How are you saving tax this season? 10 funds saved tax & delivered 30% returns too
 Increase in taxpayer base will help bring down tax rate, says Arun Jaitley
 There is inconsistency in filing income tax, says CBDT Chairman
 Data analytics to help income tax dept catch evaders

Bengal set to top tax target
November, 14th 2014

The income tax department is looking to surpass its collection target this year from Bengal, Andaman and Sikkim.

C. L Denzongpa, chief commissioner of income tax, Calcutta, today said the finance ministry had set a collection target of Rs 32,361 crore for 2014-15.

“Every year we are collecting around Rs 30,000 crore. Since April, we have collected Rs 13,827 crore and we are confident that we would be able to surpass the target set this year,” Denzongpa said. Collections have already risen 5 per cent over the year-ago period.

A majority of the tax collected so far has been in the form of advance tax. Bengal has contributed more than the other two regions. “We still have a period of less than two quarters and close to 40 per cent of the total tax collection takes place in the final quarter. So we are in the comfort zone,” Denzongpa said.

He added that the collection was gradually growing in North Bengal. “A large part of the collection is coming from Siliguri. The reason is the increasing trade in the Northeast, including the eastern part of Nepal and Sikkim,” he said.

He said an office was being set up in Sikkim in view of growing collections because of the increasing trade with China. Denzongpa added that the I-T department was gearing up to make the services more user-friendly, following a nudge from the Centre.

The chief commissioner was speaking on the sidelines of the launch of a book by tax advocate Narayan Jain and co-authored by chartered accountant Dilip Loyalka today.

The book, titled “How to handle income tax problems”, focuses on providing simplified answers to key tax-related issues faced by assesses.

 
 
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