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 INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: TDS :: ACCOUNTING STANDARD :: VAT RATES :: list of goods taxed at 4% :: empanelment :: Central Excise rule to resale the machines to a new company :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: form 3cd
 
 
News Headlines »
 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
 Top 5 common mistakes to avoid while filing your income tax returns
 GST rollout on July 1: Deadline for filing tax returns extended
 What is GST?
 Income-tax (15th Amendment) Rules, 2017?
 Banks get a breather as GST Council extends deadline for tax filing
 Income Tax filing: Your easy guide in 7 steps

Corporate tax revenues up 42.37% in Apr-Dec 15
December, 19th 2007
Signals robust profit growth for India Inc


India Inc may continue to show robust growth in profits even this fiscal going by the corporate taxes collected so far by the Centre. The latest data released by the Finance Ministry on Tuesday showed that the corporate tax collections registered a 42.37 per cent increase in April-December 15 to Rs 98,391 crore as compared to collections of Rs 69,110 crore in the same period last year.

For fiscal 2007-08, the Centre has pegged the budget estimate for corporate tax collections at Rs 1,68,401 crore. Official sources also said that the latest data on corporate tax revenues does not fully reflect the advance tax collections that may come in under the December 15 instalment and that the final picture on advance tax front would emerge only later this week.

The data available from certain metros show that some of the top private sector companies in the industrial and financial services space have even doubled their advance tax outgo for the December 15 instalment.

According to sources, real estate major DLF has paid Rs 570 crore as advance tax for the third instalment that was due on December 15. The company had paid Rs 480 crore in the first instalment (June 15) and Rs 520 crore in the second instalment (September 15).

For the December 15 instalment, sources said that SBI had paid Rs 1,095 crore as advance tax, the figure for Reliance Industries and ICICI stood at Rs 1,045 crore and Rs 500 crore, respectively.

Personal I-T

Meanwhile, personal income-tax collections (including fringe benefit tax (FBT), securities transaction tax (STT) and banking cash transaction tax (BCTT)) have registered a 42.83 per cent increase during April-December 15 at Rs 65,774 crore, up from Rs 46,051 crore recorded in the same period 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 - Achievements

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