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 :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: articles on VAT and GST in India :: VAT RATES :: due date for vat payment :: VAT Audit :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« Direct Tax »
 Companies must drop retro tax cases to avail settlement scheme: CBDT
 FinMin may review tax regime on long-term capital gains
 Income tax return: TDS refund on capital gains invested needs to be instant
 CBDT holds circular on indirect tax provisions
 CBDT puts on hold circular on taxation of indirect transfer of shares
 CBDT prods officials to meet tax collection targets
 Budget 2017: Direct tax reforms to be gradual than radical, says KPMG
  FM Arun Jaitley may drop tough tax accounting rules
 FM Arun Jaitley may drop tough tax accounting rules
 How to view your TDS through form 26AS?
 Deduction of tax at source Income-tax deduction from salaries under section 192 of the Income-tax Act, 1961

Direct tax of Apr-Dec collections approach Rs. 3 tri mark
December, 21st 2010

Direct tax collections for the current fiscal to the middle of December rose 18% to nearly Rs.3 trillion, driven by robust corporate tax payments, including from advance tax.

The net direct tax collection stood at Rs.2.96 lakh crore from 1 April to 15 December this year, a growth of 18% over the year-ago period, an official said.

During the nine-month period, corporate tax collections grew 21.3% while personal income tax rose 16.2% compared with the corresponding period last year.

In budget 2011, the government had targeted a collection of Rs.4.3 trillion from direct tax for the fiscal.

The Central Board of Direct Taxes (CBDT) is confident of matching the estimate.

As things stand now, we will definitely reach the target, CBDT chairman S.S.N Moorthy had said recently.

Advance tax collections from Indias top 100 companies also grew 16.3% in the first three quarters of the current fiscal.

State-run Oil and Natural Gas Corp. Ltd paid the maximum Rs.6,223 crore advance tax for April-December period. It is 35% higher than in the corresponding period last year.

Advance tax paid by Reliance Industries Ltd grew 37%?to Rs.3,150 crore during the period under considerations.

The nations largest insurer, Life Insurance Corporation of India, paid Rs.2,668 crore tax for April-December, an increase of 12% over last years period.

Advance tax paid by NMDC Ltd grew 96% to Rs.2,250 crore in the first three quarters of this current fiscal.

 
 
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