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: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: list of goods taxed at 4% :: VAT RATES :: articles on VAT and GST in India :: due date for vat payment :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit
 
 
« Direct Tax »
 Pune region tops in direct tax kitty growth
 RBI releases draft directions on hedging of commodity price
 Unexplained deposits in focus, taxmen ordered to go all out in the next three months
 Why India’s corporate tax rate should be cut
 Best ways to save tax under section 80C
 Govt may exceed direct tax collection target of FY18 Budget estimates
 CBDT relaxes MAT provisions for companies under corporate insolvency
 CBDT relaxes norms for MAT on firms facing insolvency
  Income-tax deduction from salaries during the financial year 2017-18 under section 192 of the Income-tax Act, 1961
 CBDT to appeal for revival of certain deregistered companies
 How the new tax regime fared in India these last 6 months

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 2018 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