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: empanelment :: TDS :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: cpt :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: due date for vat payment :: form 3cd :: VAT RATES :: ACCOUNTING STANDARDS
« News Headlines »
 Regarding Filing of online return for first quarter of 2017-18 extension upto 01-09-2017
 Deadline to file returns extended to 28 August for biz with transitional
 GST input tax credit form
  How to rectify income tax returns
 Govt extends tax exemption for industry in North East, hilly states
 Should you file revised Income Tax returns; find out here
 Tax Deducted at Source (TDS) in Goods & Services Tax (GST)
 10 companies that blamed GST for soft June quarter
 How will GST impact the Indian economy
 10 days left to file your first GST return. This is how you do it
 What is property tax and how is it calculated…

Bengal tax mop-up on the rise
February, 25th 2009

Income tax collection (net of refund) in the Bengal circle, which includes Sikkim and the Andaman and Nicobar islands, has gone up 23.8 per cent to Rs 10,316 crore till the end of January in the current fiscal.

Income tax collection in the circle has trebled in the last five years, chief commissioner T. K. Chatterjee said.

The growth in tax collection in the current financial year so far came on the back of a 22 per cent increase in corporate tax collection and a 32 per cent growth in personal income tax collection, he said.

Companies paid Rs 7,022 crore tax on their profit earnings in the first 10 months of the current fiscal, an increase of 22 per cent over the year-ago period. We made a tax refund of Rs 1,307 crore to the corporate sector till December 2008 compared with Rs 1,148 crore in the previous corresponding period, Chatterjee said.

He said personal income tax collection in the current fiscal so far had grown 32 per cent to Rs 2,954 crore. The primary reason for this is wider applicability of TDS (tax deducted at source), Chatterjee said. TDS collection rose 35.07 per cent to Rs 3,714 crore against Rs 2,750 crore in the same period in 2007-08.

However, tax refunds to individual income tax-payers were lower at Rs 234 crore against Rs 333 crore in 2007-08.

Advance tax payment and tax paid through self-assessment grew significantly. Advance tax payment till January 31, 2009 was higher at Rs 5,237 crore (Rs 4,807 crore), while tax paid under self-assessment was Rs 1,349 crore (Rs 898 crore), the chief commissioner said. The total number of tax-payers in Bengal circle is around 24 lakh and is growing at the rate of 10 per cent every year.

But the income tax department is facing a severe shortage of manpower. The sanctioned number of joint and additional commissioners for the Bengal circle is 128. But the number of joint and additional commissioners is only 42. Similarly, the sanctioned number of assistant and deputy commissioners for the circle is 220 while we have only 141 of them working at present, Chatterjee said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

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