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: VAT RATES :: VAT Audit :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: form 3cd :: list of goods taxed at 4% :: cpt :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: TDS
 
 
Direct Tax »
 Haryana tax department turns lens on shell companies
 CBDT denies data inconsistency over new taxpayers after note ban
 No inconsistency in number of tax payers: CBDT
 India will benefit from growing tax revenue in FY2018
 I-T plans to pursue property-holders who have never filed income tax returns
 Direct Tax Collections up to July, 2017 show Growth
 How True is CBDT’s Claim of Record New Tax Filers?
 Five Questions for Republican Tax Reformers
 CBDT signs nine UAPAs with Indian taxpayers
 Made a mistake in your tax return? Here's how to correct it
 6 ways to verify your income tax return

Direct tax collections up 20%, in first 10 months of this fiscal
February, 08th 2011

Aided by healthy economic growth, the net  direct tax collection went up to Rs 3.17 lakh crore for the first 10 months of this fiscal between April 2010 and January 2011, registering a growth of more than 20%. The collection during the same period last year was Rs 2.64 lakh crore.

The high growth has been possible due to rise in corporate income. Growth in corporate I-T was 25% at Rs 2,16,872 crore against Rs 1,73,799 crore in the same period last year. The personal I-T, including securities transaction tax and residual fringe benefit tax and banking cash transaction tax grew at 12%, to Rs 1 lakh crore as against Rs 90,000 crore last year.

Meanwhile, chairman Central Board of Direct Taxes has issued instructions to all chief commissioners to ensure that all refunds below Rs 10 lakh are transferred in the bank accounts of assesses by March 2011.

He has asked the department to upload necessary data so that the refunds can be issued expeditiously.

It will be for the first time that most income tax refunds of the current assessment year will be dispatched to the taxpayers within the current financial year itself.

The tax refunds stood at Rs 53,688 crore against Rs 38,721 crore last year, registering a growth of 39%. The centralized processing centre at Bangalore had completed processing of all e-filed tax returns for 2010-11. All taxpayers who have filed e-returns and whose refund claim is below Rs 10 lakh would be issued their refunds by March 2011.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

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