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: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: cpt :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: Central Excise rule to resale the machines to a new company :: VAT Audit :: TDS :: list of goods taxed at 4% :: empanelment
 
 
News Headlines »
 Notification regarding extension of last date w.r.t submission of closing stock by dealer.
 Integrated Goods and Services Tax (IGST) Rules, 2017 (As on 15.11.2017)
 Central Goods and Services Tax (CGST) Rules,2017 (As on 15.11.2017)
  101st Constitution Amendment Act, 2016
 Pr. Commissioner Of Income Tax-6 Vs. Mccain Foods India Pvt. Ltd.
 Section 10 of the Income-tax Act, 1961
 Income tax returns filing: No tax on gift received from relatives in form of cash
 Income tax returns (ITR): Here is why you need to pay higher tax on other incomes
 GST Update On Issuance Of Debit Notes And Credit Notes
 How Mutual Fund Investments Can Help Save Income Tax
 Income tax returns (ITR) filing: Why small service providers need to get this benefit

Tax collections record unprecedented growth: Chidambaram
December, 08th 2007
Finance Minister P. Chidambaram today said that several new legislative and administrative measures taken by the government have resulted in fiscal stability, improved tax revenues and tightened expenditure.

Addressing the meeting of the Parliamentary Consultative Committee attached to the Finance Ministry, Chidambaram said that the tax buoyancy is the result of good performance of Indian economy and the new initiatives taken by the Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC).

On the Direct Taxes, Chidambaram said that the TDS administration, refund bankers, tax return prepares scheme, large tax payers unit, e-filing of taxes and business process reengineering are some of the important initiatives which have brought an unprecedented growth of tax collections.

He said that attitude of people to pay taxes has now been changing.

The personal income tax grew by 42.5 percent and corporation tax by 46.6 percent during April-November 2007 over the corresponding period of last fiscal.

The overall direct tax collection growth rate is 44.9 percent during this period, he added.

Chidambaram said that the number of taxpayers in the country has been increasing. While the number of assesses increased from 301.78 lakhs in 2003-04 to 319.26 lakhs in 2006-07, the number of assesses filing return of income increased from 234.25 lakhs to 275.44 lakhs during this period.

The number of PANs as on October 31, 2007 is 5,74,74,806 and around 8-9 lakhs PANs are being allotted every year.

PANs de-duplication has been completed in respect of more than 95 percent cases, he said.

Chidambaram said that pilot project of the State Bank of India acting as a Refund Banker has been extended to select charges of four more cities -- Mumbai, Kolkata, Chennai and Bangalore -- apart from the existing cities at Delhi and Patna.

On indirect taxes, Chidambaram said that customs duty rates are being decreased continuously, while the excise duty rates have decreased.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Enterprise Resource Planning Solutions ERP Solutions Enterprise Resource Planning Software Solutions ERP Software Solutions Supply Chain Management Solutions SCM Solutions Supply Chain Management Software Solutions SCM Software Solutions Enterprise Resource Planning Solutions India ERP Solutions India Enterprise Resource Planning Software Solutions India ERP Software Solutions India Supply Chain Management Solutions India SCM Solutions India Supply Chain Management Software Solutions India SCM Software Solutions India

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