Latest Expert Exchange Queries

Make 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) | 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 :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: VAT RATES :: list of goods taxed at 4% :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: due date for vat payment :: VAT Audit :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: cpt :: TAX RATES - GOODS TAXABLE @ 4%
 
 
Direct Tax »
 CBDT gameplan to enhance TDS collection
 Don't curry political favours for transfers, CBDT tells taxmen
 CBDT: GST not to be added for TDS computation
 Five interest incomes you are likely to forget to include in your tax return
 GST not to be added for TDS computation
 GST not to be added for TDS computation
 Income Tax Return (ITR) Filing: Common Mistakes That Could Get You A Tax Notice
 Income Tax department asks tax practitioners to register entities separately
 Last Date To File Income Tax Return. Here Are The Details
 New tax regime will deliver a mixed bag with some items turning costly
 New members at CBEC, CBDT

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