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% :: Central Excise rule to resale the machines to a new company :: cpt :: ACCOUNTING STANDARD :: VAT RATES :: articles on VAT and GST in India :: VAT Audit :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment
 
 
ę Direct Tax »
 Income Tax department rejects black money disclosures of over Rs 2 lakh crore
 CBDT urges people to protect bank accounts from 'unscrupulous elements'
 No change in gold seizure norms in proposed I-T Law amendments
 Direct tax collection will get a long-term boost, Franklin Templeton says
 I-T Act amendments upset calculations of cash hoarders
 Claim tax benefit on costs incurred to evict tenants
 The Integrated Goods And Services Tax Act, 2016
 Here‚Äôs what Income Tax Department did leading up to demonetisation
 I-T department asks IDS declarants to pay tax by November 30
 Cash trove tax drive dilemma
  CBDT halves Income Tax refunds issue timeline to 15 days for this fiscal

Gujarats direct tax collection highest in the country
December, 21st 2011

Direct tax collection has gone skywards taking Gujarat to the top position in the country. This fact is aptly reflected in the fact that many income tax commissionerates in Gujarat have registered more than 50 per cent increase in net tax collection as compared to 2010.

Here is an example: The income tax department's commissioner 5 office has seen a jump of 150 per cent in the direct tax collections. The office covers areas like Paldi, Vasna, Navrangpura, Bapunagar and also Surendrangar.

The tax collection from this office from April to December 17, 2011 stood at Rs 176.2 crore which is 153.9 per cent higher than Rs 69.4 crore in the same period last year.

"The tax collection figures for Gujarat are impressive in many ways. As not just major cities, but the tax collection from town and rural areas has also jumped significantly. Growth in sectors like pharma, textile, gems and jewellery has helped in this healthy tax collection.

Increased awareness amongst the tax payers has also helped," said R N Tripathi, chief commissioner income tax-1, Gujarat.

Direct tax collections for the state in 2010-11 is Rs 17,782.50 crore against Rs 15,239.70 crore in 2009-10, showing a 16.69 per cent growth.

For the current year, the department has been given a target of Rs 23,363 crore.

"Last year we missed the revised target by a whisker. But this year the target has been raised by more than Rs 6,000 crore. Despite an impressive growth in net collection and advance taxes the department is unlikely to achieve the target of Rs 23,363 crore for which we need a growth of over 30 per cent," said a senior income tax official.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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