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: ACCOUNTING STANDARD :: VAT RATES :: Central Excise rule to resale the machines to a new company :: empanelment :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: articles on VAT and GST in India :: form 3cd :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« News Headlines »
  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…
 File income tax returns in time to carry forward losses
 Missed the deadline to file income tax returns? Here is what you should do
 Who has to report foreign assets in Indian income tax return and how to do it

Tax kitty's proposed growth may be lower at 15 pc for FY'10
February, 16th 2009

Hit by the economic slowdown, the Centre's tax collections in the next fiscal may be proposed to grow at moderate 15 per cent in the
interim Budget to be presented on Monday.

According to indications, the interim Budget which will be presented by External Affairs Minister Pranab Mukherjee, who is also holding the charge of the Finance Ministry, in Parliament, would propose lower growth in tax receipts of the Centre due to the slowdown.

During the last few years, the Centre's tax receipts have been growing by 25 per cent.

The tax collections by the government for 2008-09 were proposed to grow by 25 per cent at Rs 6,87,715 crore as per provisional estimates in the Budget.

In 2007-08, the tax kitty grew by about 25 per cent at Rs 5,85,410 crore as per the revised estimates.

However, for the current fiscal, direct tax collections posted a negative growth in November and December, before rising again in January.

Collections from excise and customs duties are already in negative territory since October 2008.

In fact, collections from otherwise buoyant sector, services, dipped by 3.6 per cent for the first time in December in the current financial year.

In the direct tax collections, there is a gap of more than Rs 1,00,000 crore till January this fiscal.

And this gap is against the provisional estimates of Budget for direct tax collections at Rs 3,65,000 crore, whereas the Central Board of Direct Taxes had increased that target to Rs 3,95,000 crore after the first two months showed a remarkable increase.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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