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: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: articles on VAT and GST in India :: cpt :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: VAT Audit :: TDS :: form 3cd :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES
 
 
Direct Tax »
 Income Tax Return: 7 reasons to file your tax return early
 GST: Renaming Central Board of Excise and Customs to CBIC may take a while
 CBDT notifies new scrutiny notices with e-facility for taxpayers
 GST is a transformational business process reform. All companies will have to change
 GST Council relaxes return filing rules for July-Aug
 Here's how self-employed individual can file tax return with ITR4
 CBDT mulling new system of jurisdiction-free I-T assessment to curb corruption
 CBDT draft notice on computing tax liability of foreign firms
 CBDT forms task force for jurisdiction-free income tax assessment system
 Aadhaar must for filing returns from July 1: CBDT
 Aadhaar mandatory for filing I-T returns and obtaining new PAN card from July 1: CBDT

Direct tax target reset at Rs 400K cr
February, 05th 2010

Buoyed by robust growth in corporate tax collections in the third quarter, the revenue department today convened a meeting to discuss strategies for internally resetting the direct tax revenue collection target at Rs four lakh crore.

The meeting of all cadre Controlling Chief Commissioners of Income Tax held by the Central Board of Direct Taxes (CBDT) deliberated upon ways to achieve the budgetary target of Rs 3.7 lakh crore and gradually work towards resetting it at Rs 4 lakh crore.

The board has decided to monitor advance tax payments of top companies and persuade them not to defer such payment as self-assessment tax for the next fiscal. This would help in boosting the revenue collections.

Further, the board also plans to monitor tax payments of loss-making companies, liable to MAT at an enhanced rate of 15 per cent, and persuade them to make such payment as advance tax during the current fiscal. The tax deducted at source by private deductors as state governments and local bodies would also supervised, an official statement said.

The tax demand raised in demand scrutiny assessment during the current fiscal would also help in meeting the revenue target, the statement said.

Earlier, in January, finance minister Pranab Mukherjee had asked the department to make all-out efforts for achieving the revised direct tax target of Rs 4 lakh so as to make good the shortfall in indirect tax collections. The department has already collected Rs 2,50,232 crore by the end of December of the total Budget estimate of Rs 3.7 lakh crore.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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