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: TDS :: form 3cd :: VAT Audit :: due date for vat payment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ACCOUNTING STANDARDS :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES
 
 
« News Headlines »
 Is government tapping your phone?
 Income tax department to use analytics to look for discrepancies in bank accounts
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government

Direct tax collections up 38.5% in April-Jan
January, 25th 2007

Net direct tax collections shot up by 38.5% for the period between April 1, 2006-January 22, 2007, compared with tax collections for the same period last fiscal, owing to the buoyancy in the manufacturing and services sector.

The net direct tax collections have increased to Rs 1,32,018 crore as on January 22, against Rs 1,09,667 crore, up by 38.5%, a senior finance ministry official said.

He said the gross tax collections have reached Rs1,82,880 crore during the same period, while Rs 27,438 crore refunds have been issued to income tax assesses.

The gross corporate tax collections have grown by 43.2% to Rs 1,18,183 crore as on January 22, against Rs 82,550 crore during the corresponding period last fiscal.

The personal income tax collections have grown by 27.3% to Rs 56,288 crore from Rs 44,215 crore during the same period, the official said.

For the first nine months ending December 31, 2006, the government had collected a direct tax of Rs 1,44,286 crore out pacing the targeted growth of 27.5% over last year as per the budget estimates for the current fiscal.

TAXING TIME
Corporate taxes are up by 51.8% while income tax was up by 27.1%
FBT also registers a growth of 65.2% during the period ending December
The Budget target for direct tax collection this fiscal pegged at Rs 2,10,684 crore
 
Corporate taxes were up by 51.8% at Rs 92,463 crore, while income tax (including FBT, STT and BCTT) was up by 27.1% at Rs 51,565 crore.

Besides, securities transaction tax and banking cash transaction tax stood at Rs 3,226 crore and Rs 357 crore, an increase of 87.8% and 98.1% respectively.

Fringe benefit tax (FBT) also registered a growth of 65.2% at Rs 2,933 crore during the period ending December. The Budget target for direct tax collection this fiscal is pegged at Rs 2,10,684 crore.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

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