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: articles on VAT and GST in India :: empanelment :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: cpt :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: form 3cd :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: TDS
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?

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 2018 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