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: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: TDS :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: cpt :: form 3cd :: VAT Audit :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company
 
 
Direct Tax »
 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
 Income Tax Slab for AY 2017-18: Know your tax category
 Direct Tax Collections for F.Y. 2017-2018 show Growth of 14.4% up to November, 2017
 LTCG tax on equity may return to haunt D-Street
 Karnataka third highest direct tax contributor

Direct tax mopup rises 8.5% in H1
January, 06th 2010

Coroprate tax collections increased 44% in December, suggesting a smart recovery in corporate performance and increasing the possibility of the government exceeding the overall direct tax collections target for the entire year and making up for the shortfall in indirect tax collections .

A part of the growth is on account of the base effect . Direct taxes collections had declined in December 2008 as the economy bore the brunt of the global financial meltdown . But the trend indicates a firm recovery as corporate tax collections have been largely boosted by December advance tax payments, which is based on projected income of companies.

Higher corporate tax collections have boosted overall direct tax collections that rose by 8.5% during April-December 2009 to Rs 2.5 lakh crore. This trend augurs well for the governand were down by 0.41 % in the April-December period .

The trend indicates corporates that had resorted to cost-cutting measures such as reducing salaries have not yet really begun to spend on this count in order to boost their profits, a finance ministry official said.

A meagre 6.3% growth in corporate TDS (tax deducted at source) payments in the period under review substantiates that spending and investments by companies is only just recovering.

However, the Central Board of Direct Taxes has ment that had set a direct tax collection target of Rs 3.7 lakh crore for 2009-10 .

Interestingly, personal income tax collections have failed to reflect the buoyancy shown by corporate taxes attributed the decline of 19.75% in personal income tax in December to higher refunds.

Negative growth in PIT was largely on account of higher refunds at Rs 8,954 crore against Rs 5,979 crore in the same period last year, an official statement said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

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