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
« News Headlines »
 Want to file your income tax return online? Here’s the first step
 Good news for income tax payers! Taxmen can’t deny assessee’s legitimate claim in revised return, rules ITAT
 Can file revised return after notice issued by I-T ITAT
 How to file income tax returns online if you don't have Form 16 ITR 2018-19
 These 5 websites can help you file your ITR Income tax e-filing
 Here's why some retirees no longer have to file a tax return
 How to file different categories of ITR forms online Income tax e-filing
 Here are other documents you need to file online ITR Got your Form-16 for FY18?
 10 must have documents to file your tax return
 Know all about how to file ITR FY 2017-18
 Government extends sale of pre-GST goods with stickers of revised price till July 31

CBDT ups direct tax mop-up target by 12%
January, 18th 2007
Buoyed by robust collections over the last three quarters, the Central Board of Direct Taxes (CDBT) has raised its annual target for direct tax collections by 12 per cent for 2006-07. 
 
The CBDT now proposes to mop up around Rs 2,30,000 crore, against the 2006-07 budget estimate of Rs 2,05,000 crore. 
 
While targets have been enhanced for all centres, the highest increase has been set for Mumbai, which is the biggest contributor to the direct tax kitty. 
 
Mumbais collection target has been increased by Rs 10,000 crore to Rs 79,000 crore. 
 
This enhancement is based on the assumption that collections will be up by 40 per cent over last fiscal. 
 
Though the traditional mainstays, the oil companies, have not contributed significantly to boosting the tax collections this year, the banking and manufacturing sector have done very well. 
 
This is in contrast to the previous year, when the poor performance of banks, insurance oil and telecom companies had contributed to a shortfall in direct tax collections. 
 
While rising crude prices took a toll of the oil marketing companies, signs of increasing interest rates had affected banks treasury books. 
 
However, in 2006-07, credit pick-up and rising interest rates have boosted the balance sheets of banks.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

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