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: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: list of goods taxed at 4% :: empanelment :: TDS :: due date for vat payment :: VAT RATES :: articles on VAT and GST in India :: VAT Audit :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: form 3cd
General »
 Banks warn share tax hike threatens Paris' post-Brexit appeal
 PMC may decide on property tax rebate for IT firms this week
 I-T Dept is giving out certificates of appreciation. Have you received yours?
 Government works on ironing out benefits refund mechanism for exportersa
  Tax officials are using an IDS provision to question transactions beyond six-year-limit
 Tax-free bonds rally like midcap funds
 Senior citizens do not have to pay advance tax on salary and interest income
 GST: Audit commissioners to get adjudication powers
 Interest on NRE rupee account can be exempt from tax under FEMA
 Impact of GST on Real Estate Sector
 GST regime: Tax payers allowed to take option of third-party interfaces

Govt likely to revise tax collection targets upwards
January, 03rd 2011

The government is likely to revise revenue collection targets upwards for the current financial year, a top government official said.

"We are likely to make modest advancements in the targets as we have entered the third quarter. We will wait for a few days and then take a decision," Revenue Secretary Sunil Mitra told PTI here.

Mitra, who was in the city yesterday to attend a meeting of the revenue officials of eastern zone along with finance minister Pranab Mukherjee , said that direct tax collection achieved so far was 69 per cent of target and indirect tax collection at 67 per cent of target.

"We are hopeful of meeting the targets", Mitra said. Against a target of Rs 4,30,000 crore for direct tax collection, revenue collected so far was Rs 2,96,121 crore.

For indirect taxes, it was Rs 1,98,540 crore against the target of Rs 3,15,000 crore.

Chairman of Central Board of Excise & Customs (CBEC) Sumit Dutt Majumdar said that there had been good growth in customs revenue collection.

Customs revenue was growing at 67 per cent, he said. Majumdar said that this reflected the pick up in manufacturing activity which had been a result of the stimulus packages.

He said that good customs growth meant that imports were taking place substantially.

Majumdar said that central excise was growing at 34 per cent and service tax at 18 per cent.

M C Joshi, member CBDT, said that direct tax was growing at 18 per cent to 20 per cent.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

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