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: empanelment :: VAT Audit :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: cpt :: due date for vat payment :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: TDS :: ACCOUNTING STANDARD :: articles on VAT and GST in India
 
 
General »
 DHFL loan to Manpreet Estates under tax scan
 Council acts to ease cascading tax impact on petroproducts
 Income Tax comes a cropper tracking shell firms
 Income Tax returns: Is rental income from property taxable in hands of homeowners?
 Tax department to engage with corporates to spur receipts
 Furnish Form 67 to claim foreign tax credit in India tax return
 GST: Commerce ministry to write to finance ministry over trademark rule
 GST: Govt issues clarification to address service tax issues, misses key concerns
 How to file LUT/Bond for SEZ units under GST
 Exemption From Capital Gains On Sale Of Agricultural Land
 FinMin wants RBI to lower rates, boost domestic demand

Advance tax payments for third installment starts trickling in
December, 15th 2010

As the third installment of advance tax figures started trickling in a day before December 15, the last date for payments, tax officials expressed optimism of meeting the direct tax target for the current fiscal year (FY11). The direct tax target for the current fiscal year has been set at Rs 4.3 lakh crore against the previous year's collections of Rs 3.7 lakh crore.

Figures available as of Tuesday night were mixed, with some companies having paid lower tax than in the corresponding period of FY10, but major corporates who figure in the list of the 100 largest taxpaying companies are promising to pay 10-20 % more than what they paid a year ago. A clearer picture is expected to emerge by Wednesday evening.

The tax outgo of HDFC saw a year-on-year (y-o-y ) increase of 25% from Rs 320 crore to Rs 400 crore. FMCG major Hindustan Lever paid Rs 225 crore, marking a yo-y increase of Rs 45 crore, an increase of over 25%.

Petroleum major HPCL recorded a lower tax outgo, Rs 29 crore against Rs 48 crore, a 39% decline.

Almost posted a 25% dip from Rs 16 crore to Rs 12 crore, Zee Entertainment Network Rs 30 crore from Rs 37 crore and Clariant Rs 18 crore compared to Rs 19 crore. Grindwell Norton recorded a 11% increase with a tax outgo of Rs 11 crore against Rs 9 crore while Entertainment Network India paid Rs 1 crore against Rs 1.5 crore, marking a dip of 33%.

According to tax officials, SBI is burdened with obligation to pay huge arrears running into around Rs 5,000 crore, but is still expected to pay tax of over Rs 6,000 crore.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

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