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: empanelment :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: due date for vat payment :: ACCOUNTING STANDARDS :: VAT RATES :: articles on VAT and GST in India :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Direct Tax »
 CBDT committee to review ‘naming, shaming’ of tax defaulters
 Can we measure demonetisation’s impact on income tax collections?
 CBDT signs 2 more advance pricing pacts
 Income tax returns: How to calculate income from house property
 CBDT proposes new accounting standards for real estate firms
 1 lakh entities face I-T action as ‘clean money’ drive gains pace
 Here are 4 things to know about how CBDT improves ease of doing business by issuing PAN and TAN within 1 day
 Online platforms make tax filing easy, help fill details automatically
 Delhi HC refuses to stay tax case against Young Indian
 CBDT issues draft ICDS on real estate
 CBDT chairman Sushil Chandra gets one-year extensiona

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 2017 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