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: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: articles on VAT and GST in India :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: VAT RATES :: ACCOUNTING STANDARD :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: form 3cd :: VAT Audit
 
 
Direct Tax »
 CBDT signifies achievements towards eliminating domestic black money
 Seafarers get tax exemption from Ministry of Finance
 Financial institutions need to get accounts self-certified for FATCA by April 30
 Direct tax incentives to promote start-ups
 Employer didn't deposit the TDS it deducted on your salary. How to claim it?
 Central Board of Direct Taxes clarifies on cash curb, Aadhaar
 CBDT to issue PAN, TAN within a day to improve Ease of Doing Business
 Expats who stayed in India for 182 days or more must apply for Aadhaar card: CBDT
 CBDT accomplishes direct taxes collection target for FY 2016-17
  No relief to those who defaulted on 1st IDS installment: CBDT
 New Income Tax forms: What information is being asked for? All you want to know about the new rules

India April-Nov direct tax receipts up 18% y/y
December, 08th 2010

Direct tax collection in the first eight months of this fiscal registered an 18% growth over the same period last year with net receipts at Rs 2,16,628 crore. The major boost came from the robust industry performance with the corporate taxes showing an increase of more than 22%.

In the April-November period, net  direct tax collection stood at Rs 2,16,628 crore as against Rs 1,83,822 crore of the same period last fiscal, showing a growth of 17.8%. It has crossed 50% of the Budget estimates of Rs 4,30,000 crore for 2010-11.

The corporate I-T collection was 22.3% higher for the April-November period at Rs 1,38,461 crore as against Rs 1,13,210 crore in last year. The growth in personal I-T, including STT, and residual FBT/BCTT, was 10.7%. The net collection in this bracket was Rs 77,768 crore as against Rs 70,278 crore last year.

Growth of Securities Transaction Tax turned positive for the first time during the fiscal at 0.5% at Rs 4,373 crore against Rs 4,349 crore last year.

Direct taxes, now a major resource provider to the central government, have grown at an average annual rate of 24% in the last five years and have nearly trebled from Rs 1,32,771 crore in 2004-05 to about Rs 3,78,000 crore in 2009-10, increasing its share from 4.1% to 6.1% of the GDP.

FM Pranab Mukherjee had asked CBDT to exceed the budget target to compensate for the low collection on the indirect taxes front.

He had said the department must look beyond big cities and widen the tax base in smaller towns and cities.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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