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
Latest Expert Exchange
Direct Tax »
 Income Tax department cautions TDS deductors, says file statements by May 31 or pay penalty
 ITR-4 launched on e-filing portal; total 3 ITRs available now
 CBDT directs income tax department to hold grievance redressal fortnight for taxpayers in June
 Income tax return form-2 in Java format released for e-filing for FY2017-18
 3 ITRs available now ITR-4 launched on e-filing portal
 Businesses, small taxpayers to gain from new direct tax code
 New direct tax code to benefit corporates, income tax payers
 CBDT releases ITR Form-4 for presumptive income from business and profession
 Know how you can save tax through various deductions under Section 80 Income Tax
 CBDT issues notification, seeks suggestions to bring more transparency in cross-national transactions
 CBDT seeks suggestions to bring transparency in cross-national transactions

Net direct levy mop-up rises 9.93%
December, 16th 2011

On the back of third instalment of advance tax payment due on December 15, net direct tax collection till December 14 in the financial year showing a growth of 9.93 per cent stood at Rs 2,52,850 crore as against Rs 2,30,000 crore realised during April-December 14 last year.

Gross direct tax collection during April-December 14 has been Rs 3,23,400 crore against Rs 2,75,400 crore mopped up in the same period last year. Refunds during the period was Rs 70,500 crore.

A senior finance ministry official said that advance tax payments will flow in even after the December 15 deadline and a better picture will emerge around December 18.
Front-loading of refunds this year had impacted the net collection in a major way, he said. Budget estimate for direct tax collection in the financial year is Rs 5,32,651 crore, targeting a growth of 19 per cent over last years collection of Rs 4,46,070 crore.

Net direct tax realisation growth during April-December 1 had been 8.8 per cent as against 7.1 per cent increase witnessed till October. While gross direct tax mop-up till December 1 in 2011-12 was Rs 3,03,650 crore, net collections during the period had been Rs 2,34,729 crore after refunds worth Rs 68,918 crore. Net direct tax realisation during April-December 1 in 2010-11 was Rs 2,15,659 crore.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

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