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: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: ACCOUNTING STANDARDS :: empanelment :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: list of goods taxed at 4% :: cpt :: VAT RATES :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT Audit
Direct Tax »
  CBDT issues second round of Certificates of Appreciation to tax payers for their contribution towards Nation building
 CBDT unveils norms for computing FMV of trust assets
 CBDT starts issuing second round of Certificates of Appreciation to tax payers
 Income Tax Department Launches SMS Alert Service on TDS Deductions
 Salaried taxpayers to get SMS alerts for TDS deductions
 Salaried tax payers to get SMS alerts on TDS deductions
 Mumbai zone direct tax collection flat in H1 FY17
 CBDT issues final rules for taxing share buy back by companies
 CBDT issues final rules for taxing share-buyback
 The direct tax collections up to September, 2016 are at Rs. 3.27 lakh crore which is 8.95% more than the net collections for the corresponding period last year.
 IDS is tremendous success: CBDT chief Rani Singh Nair

Centre bets on direct tax surge
February, 03rd 2010

The government is banking on a rising direct tax receipts to fund a growing expenditure budget as macroeconomic managers wonder how to balance development spending with a yawning fiscal deficit.

A senior official said the government is likely peg the real gross domestic product (GDP) growth rate for 2010-11 at 8 per cent with direct tax collections for 2010-11 set at over Rs 4 lakh crore, up from Rs 3.7 lakh crore in the previous year.

The government is also hoping higher direct tax revenues, aided by surging incomes, would raise the tax-to-GDP ratio to about 12 per cent in 2010-11.

The tax-to-GDP ratio rose from 9.2 per cent in 2003-04 to 12.6 per cent in 2007-08, but the economic downturn pulled down the ratio as to less than 11 per cent in 2008-09 as tax revenues fell sharply on the back of lower corporate earnings.

The short-term objective is to bring back the ratio to about 13 per cent by 2012-13, said the official.

In view of the nascent signs of recovery in the Indian economy as well as the world economy during the last few months, the direct tax revenue is estimated to show higher buoyancy, the official said.

Aided by consumer spending, the economy grew 7.9 per cent year-on-year during the

July-September period its strongest in six quarters.

GDP growth had slowed to 6.7 per cent in 2008-09 after clocking an average of 9 per cent for four straight years.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Vision

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