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: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: form 3cd :: empanelment :: VAT RATES :: VAT Audit :: list of goods taxed at 4% :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS
 
 
News Headlines »
 Seven things you must do before 31st March
 Income Tax saving investments: Top 5 options available for high-income individuals
 How to use zero tax rule on long term capital gains on stocks
 GST Returns - Furnishing details of inward supplies
 5 ways to maximise you income tax return
 Income-tax (2nd Amendment) Rules, 2017
 Soon, Faster PAN, An App For Filing Tax Returns
 Changes in income tax return filing process
 New Income Tax Rates And Deductions Applicable From April 1, 2017
 Tax and transparencya
 No decision yet on imposing tax on cash transactions

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