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: empanelment :: VAT Audit :: articles on VAT and GST in India :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: VAT RATES :: ACCOUNTING STANDARDS :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD
 
 
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

Mumbai tax collection up 20% at Rs 67,426 cr
December, 13th 2008
The tax collection from Mumbai grew 20% to Rs 67,426 crore in the current financial year till December 11 over the corresponding period last year. Mumbai accounts for 35-40% of the country's total tax collection. Addressing a press conference on Friday, I-T chief commissioner in Mumbai PC Chhotray said if the collection from securities transaction tax (STT) was factored into the calculation, growth in tax collection would be 16.9%. STT collection has gone down by 15% to Rs 4,333 crore from Rs 5,099 crore in a year ago period. This is understandable, in view of the sluggish trend in the stock market, Mr Chhotray said. He said the tax collection from banks, both domestic and foreign, has gone up substantially. Infrastructure and engineering industries are the other sectors that recorded impressive growth in tax outgo. "The third installment of advance tax payments in December is critical as this clearly would indicate the profits and tax outgo of the corporate as well as the tax collection of the department," he added. Mr Chhotray said a growing concern for the I-T department is non-payment of proper advance tax. Instead of paying advance tax in four installments, many taxpayers opt to pay less tax during the year and adjust the balance tax dues as self assessment tax at the end of the year, he added.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

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