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: ACCOUNTING STANDARD :: empanelment :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: VAT RATES :: form 3cd :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: list of goods taxed at 4% :: due date for vat payment
 
 
« News Headlines »
 Regarding Filing of online return for first quarter of 2017-18 extension upto 01-09-2017
 Deadline to file returns extended to 28 August for biz with transitional
 GST input tax credit form
  How to rectify income tax returns
 Govt extends tax exemption for industry in North East, hilly states
 Should you file revised Income Tax returns; find out here
 Tax Deducted at Source (TDS) in Goods & Services Tax (GST)
 10 companies that blamed GST for soft June quarter
 How will GST impact the Indian economy
 10 days left to file your first GST return. This is how you do it
 What is property tax and how is it calculated…

Mumbai circle corporate tax collection up 74.5 pc
December, 23rd 2006

Corporation tax collections in the Mumbai circle for the April 1-December 15 period grew 74.5 per cent over the same period last year.

Mumbai is still the largest contributor to income-tax revenues in the country, corporate tax collections from this circle are one indication of the country's corporate performance.

Corporates coughed up Rs 28,976 crore during the period (Rs 16,600 crore), according to a news release issued by the Chief Commissioner of Income-Tax, Mumbai.

Increased corporate profitability was the reason, the number of returns (including individual and corporate) received during the fiscal (up to November 30) showing a growth of only 2.39 per cent, year-on-year.

There were 16,35,977 returns received, as against 15,91,450 a year ago.

Income-tax collections in the circle rose 27.3 per cent, to Rs 11,431 crore (Rs 8,978 crore); while other taxes grew 66 per cent, to Rs 3,885 crore (Rs 2,329 crore).

Net revenue collection in the circle under all heads grew 58.7 per cent, to Rs 44,293 crore. (The Chief Commissioner of Income-Tax, had set a target of Rs 69,000 crore for the fiscal).

"Advance tax (corporate) of the top 100 cases" amounted to Rs 8,462 crore as on December 15. This is 57 per cent higher than a year ago.

Another trend this fiscal appeared to be electronic filing of returns, with 57,415 corporate returns having been filed electronically and 6,739 manually.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

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