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: Central Excise rule to resale the machines to a new company :: cpt :: ACCOUNTING STANDARDS :: due date for vat payment :: TDS :: form 3cd :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
News Headlines »
 Income Tax Department expands list of deposits, transactions under scrutiny
  Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
 Master Directions on Access Criteria for Payment Systems
 RBI-Scheduled Bank's Statement of Position in India as on Friday, January 06, 2017 (Revised)
 3 Big Mistakes To Avoid This Tax Season
 The Top 5 Tax Stories Of 2017
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA
 How much income tax you should pay on investments in gold?
  Best ways to save tax in 2017
 8 unknown stocks that could yield huge returns

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