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 »
 GST Council meet: Realtors get two options to tax under construction house
 Relief for start-ups with tax notice
 CBDT gives 90 startups immunity from Angel Tax
 Which form should salaried individual and pensioner file? Find out Income Tax Return (ITR) filing
 Net direct tax collection crosses ?10 lakh crore mark
 CBDT Widens Tax Dragnet on Notional Income through Section 56(2), but Loopholes Remain
 No respite from Angel Tax despite DPIIT notification
 Filing income tax returns before March 31 deadline? 5 TIPS to avoid last-minute calculation MISTAKES
 You may not be able to claim Income Tax refund, file ITR! Do this in the next 14 daysa
 How and when TDS deductions can be avoided
 Income Tax Department unearths huge violations in TDS deduction

Direct tax collections rise 5.67% during Apr-Nov
December, 25th 2014

The government’s direct tax collections during April-November of this fiscal rose 5.67 per cent to Rs 3.29 lakh crore over the same period a year ago. 


While the indirect tax collections during the period stood at over Rs 3.28 lakh crore, up 7.1 per cent from a year ago, Minister of State for Finance Jayant Sinha said in a written reply to the Rajya Sabha.

The cumulative tax collections between April-November period of the current fiscal stands at Rs 6.58 lakh crore.

In the current fiscal, the government has budgeted to collect over Rs 13.6 lakh crore as tax revenue, which requires a 16 per cent growth in direct taxes and 20 per cent growth in indirect taxes to meet the target.

For direct taxes, the revenue mop up is targeted at Rs 7.36 lakh crore while for indirect taxes it is Rs 6.24 lakh crore.

Sinha said the actual tax mobilisation through direct and indirect taxes in current financial year would depend on factors such as growth in GDP and performance of the economy in the remaining part of the current fiscal.

The economic growth is projected to be in the range of 5.4-5.9 per cent in the current fiscal. The economic growth in first half (April-September) of this fiscal was 5.5 per cent.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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