Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: due date for vat payment :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: form 3cd :: ACCOUNTING STANDARDS :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: cpt :: list of goods taxed at 4% :: VAT RATES :: VAT Audit :: empanelment
Direct Tax »
 Filing tax return before March 31? Here is what you should do and what not
 CBDT invites suggestions to draft new Direct Tax Law
 Deadline For Income Tax Returns Filing Only 12 Days Away. 10 Points
 Income Tax: E-assessment ensures greater efficiency in the taxation system
 10 Points Deadline For Income Tax Returns Filing Only 2 Weeks Away.
 Income tax returns (ITR) filing: A step by step guide to check your ITR status online and offline
 How to save tax; amazing tips to make your money stay in your wallet Income tax returns (ITR) filing
 Want to save tax? Here are the best options
 Suggestion For Option To Assessee For Higher And Lower TDS/TCS For Optimization Of Tax Collection And Refunds
 CBDT to conduct nationwide review of tax collection for FY18 today
 Here are a few last-minute tax saving ideas Not planned taxes yet?

Direct tax collection up 8% in April-December
January, 05th 2013

The revenue collection continues to grow at snail's pace with the April-December 2012 direct tax mop up showing a meagre growth of 8%.

Any hope the government could derive was from the personal income tax, contribution from individuals, which showed a rise of 15% growth during this period. The government needs at least 15% growth in gross direct tax collection to meet its budget target of Rs 5.70 lakh crore for the current fiscal.

The net direct tax collection may not give an accurate picture of the revenue mop up as the refunds of amounts bigger than Rs 5 lakh have been withheld, and in any case will have to be cleared by the end of the fiscal year.

The net direct tax collection in the last nine months was up by 14% and stood at Rs 3,68,322 crore, as compared to Rs 3,23,956 crore in the same period of the last fiscal.

The gross direct tax collection during April-December of 2012-13 was up by 8% and stood at Rs 4,28,278 crore as against Rs 3,96,530 crore in the same period last year. Major contributor corporate taxes continued to be laggard with gross collection showing an increase of 5% and stood at Rs 2,83,170 crore in April-December as against Rs 2,69,850 crore during the same period last year. The gross collections of personal I-T was up at Rs 1,44,376 crore as against Rs 1,26,012 crore of last year same period.

Growth in net collection of Wealth Tax was 1.6% and stood at Rs 656 crore as against Rs 646 crore during the same period last year. To mitigate compliance burden on businesses held by individuals, firms or corporates who are using the financial services offered by banks, the Central Board of Direct Taxes (CBDT) has issued a notification granting exemption from tax deduction at source (TDS) on the payments of certain categories.

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

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