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: Central Excise rule to resale the machines to a new company :: due date for vat payment :: cpt :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: ACCOUNTING STANDARD :: form 3cd :: TDS :: list of goods taxed at 4% :: VAT Audit
 
 
Direct Tax »
 Direct Tax Collections up to July, 2017 show Growth
 How True is CBDT’s Claim of Record New Tax Filers?
 Five Questions for Republican Tax Reformers
 CBDT signs nine UAPAs with Indian taxpayers
 Made a mistake in your tax return? Here's how to correct it
 6 ways to verify your income tax return
 Businesses can file returns, pay taxes for July on GSTN portal
 Direct tax collection rises fastest since 2013-14
 The ‘statutory’ requirement problems of income tax returns
  CBDT signs 9 advance pricing pacts with taxpayers in July
 Which ITR form to use for Income from salary, capital gains?

Direct tax mop-up at Rs 4.46k crore
December, 28th 2011

The direct tax collection has grown by more than four times in last seven years when with the last year's tally standing at Rs 4,46,000 crore as against over Rs 1,00,00 crore in the year 2003-04. The contribution of direct tax to the total revenue has grown to 64% over the years, which is an indication of a developed economy, said member of the central board of direct taxes (CBDT) Manjari Kacker. She was addressing the inaugural function of the 65{+t}{+h} batch of IRS probationers joining the National Academy of Direct Taxes (NADT).

Kacker said that the importance of direct taxes has grown over the years. In the 1970s the income tax rate was as high as 97% along with other taxes wealth tax and gift tax. A high rate led to large-scale evasion, but the compliance has only increased as the rates were eased gradually.

The income tax department's importance is expected to grow as the economy grows. "India is among the fastest growing economies of the world and as the country develops, the taxman's will have a complex role to play," said Kacker.

The 65{+t}{+h} batch of IRS officials includes 126 probationers joining the income tax department as Indian Revenue Service (IRS), officers after passing the civil services examinations.

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

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