Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: VAT RATES :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: cpt :: Central Excise rule to resale the machines to a new company :: TDS :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: VAT Audit :: articles on VAT and GST in India
 
 
« News Headlines »
 A tax saver scheme with higher returns
 GST registration mandatory for TDS entities
 Govt rules out extension for filing GSTR-3B returns after December
 Tax department’s e-filing portal out of action for 2 hours
 Use ITR-2 to show salary and capital gains income
  TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
  How to file ITR for FY 2016-17 and all the links you need
 All about E-way Bill under GST
 Good and simple tax: on the GST regime
 Seeks to extend the time limit for filing of GSTR-1, GSTR-2 and GSTR-3
 Good news, find Tax Return Preparers soon at a place near you; 5 things to know

Corporate tax collection grows a whopping 50%
December, 06th 2006

Direct tax collection up 40% until Nov
 
The tax authorities are on a roll, with the direct tax collection witnessing a 40% increase to Rs 1,00,135 crore until November 30, 2006. The corporate tax has been the biggest gainer, shooting to Rs 59,015 crore, a 49.6% jump from the last year. It also means a 43% increase from October 2006, when corporate tax collection figures stood at Rs 55,549 crore on October 28.

Income tax sources said this phenomenal jump in corporate tax collection has been mainly due to the fact that November 30 was the last date for filing of corporate returns all over the country, except in Gujarat. October witnessed a poor response from corporate tax payers, as many had hoped that online filing of returns would be made optional once again.

For assessment year 2006-07, companies are necessarily required to furnish returns electronically to the income-tax department.

However, as the finance ministry refused to do so, the bulk of corporate returns was filed in November, an official said. About 2,82,000 returns were filed by corporate tax payers until November.

In fact, corporate tax collection for November 2006 saw a 200% jump over the same period last fiscal. Rs 4,950 crore were collected as corporate tax in November this year, compared with Rs 1,660 crore in the same month last year.

Meanwhile, personal income tax collection grew to Rs 40,920 crore, a 28.7% jump over last year's Rs 31, 798 crore. Banking cash transactions tax (BCTT) collection grew by 102.6% until November to Rs 314 crore, while securities transaction tax collection was up 81% to Rs 314 crore. The fringe benefit tax fetched another Rs 2,624 crore, a 50.8% jump over the last year.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

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