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 STANDARD :: empanelment :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: TDS :: form 3cd :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit
 
 
Direct Tax »
 Income tax return: TDS refund on capital gains invested needs to be instant
 CBDT holds circular on indirect tax provisions
 CBDT puts on hold circular on taxation of indirect transfer of shares
 CBDT prods officials to meet tax collection targets
 Budget 2017: Direct tax reforms to be gradual than radical, says KPMG
  FM Arun Jaitley may drop tough tax accounting rules
 FM Arun Jaitley may drop tough tax accounting rules
 How to view your TDS through form 26AS?
 Deduction of tax at source Income-tax deduction from salaries under section 192 of the Income-tax Act, 1961
 Banks must furnish information on accounts that have seen deposits over 2.5 lakh: CBDT
 Govt expects direct and indirect tax targets to exceed budget estimates this fiscal

Gross direct tax collection grows 7.14 per cent in April-November
December, 13th 2012

Gross direct tax collection rose by 7.14 per cent in the April-November period of the current fiscal, as against an annual target of 15 per cent, on account of slower corporate activity.

The gross direct tax collection during the eight months of 2012-13 stood at Rs 3.25 lakh crore, up from Rs 3.04 lakh crore in the corresponding period last year, a Finance Ministry statement said.

Corporate tax collection during the period grew by three per cent at Rs 2.05 lakh crore. It was Rs 1.99 lakh crore during the corresponding period of last fiscal.

The personal Income Tax collection, however, was up by 14.94 per cent at Rs 1.19 lakh crore in the April-November period of this fiscal. It was Rs 1.04 lakh crore in the same period last year.

Wealth tax collection recorded a growth of 27.10 per cent at Rs 619 crore, against Rs 487 crore in same period last year.

Securities Transaction Tax ( STT) collection declined by 12.83 per cent at Rs 2,914 crore in the nine-month period, from Rs 3,343 crore in the corresponding period last year.

The net direct tax collection was up by a healthy 15.04 per cent to about Rs 2.71 lakh crore against Rs 2.35 lakh crore in the same period last year, primarily on account of lower refunds.

Country's industrial output in the April-September period this fiscal stood at 0.1 per cent, down from 5.1 per cent in the same period of 2011-12.

Finance Minister P Chidambaram had earlier said that I-T Department will adopt a non-adversarial approach in realising the direct tax target of Rs 5.70 lakh crore for 2012-13.

He had said collections would improve in the second half of the fiscal and the government would achieve the 15 per cent growth target during the financial year.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
System Testing Solution Manual Software Testing Solutions Automation Software Testing Solutions System Workflow Testing System Manual Testing

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