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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: due date for vat payment :: VAT Audit :: form 3cd :: TDS :: articles on VAT and GST in India :: VAT RATES :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: cpt :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD
 
 
Direct Tax »
 CBEC Issued 41 Notifications In A Day To Give Effect To GST Council Decisions In 22nd Meet
 CBEC Issued 41 Notifications In A Day To Give Effect To GST Council Decisions In 22nd Meet
 CBEC Issued 41 Notifications In A Day To Give Effect To GST Council Decisions In 22nd Meet
 CBDT seeks suggestions on framing of rules on country-by-country reporting
 Is it the end of the road for tax havens?
 Government Collects Rs 3.86 Lakh Crore as Direct Tax Till September
 TDS IS PART OF SUM PAYABLE TO PAYEE and is trading liability- interest paid for delayed deposit of TDS is allowable expenditure
 Deductions Under Section 10b Of Income Tax Act, 1961 To Export
 CBDT signs 2 more APAs with taxpayers in September
 PM Narendra Modi seeks simpler rules to raise direct tax share from '07 low
  E-filing income tax return: How individuals can upload any ITR using excel utility

Government says direct tax collection to fall short of target
February, 26th 2016

The Narendra Modi government said on Wednesday that it is hopeful of exceeding its full-year target of indirect tax collections by Rs 40,000 crore, but direct tax collection may fall short of the figure by an equal amount.

The overall tax collections stood at Rs 10.66 lakh crore as of Jan.31, 2016, or 73.5 percent of the full-year target of Rs 14.49 lakh crore, according to an official statement.

Indirect tax collections were up 33.7 percent, while direct taxes grew at 10.9 percent.

"Looking to the trend, it appears that as far as indirect tax collections are concerned, the government may get more than Rs.40,000 crore extra over and above the BE target for indirect taxes for 2015-16 while there might be an equal amount of shortfall in direct tax collections," the statement said.

The government is confident of meeting the overall tax collection target.

"However, both direct and indirect tax collections put together, we expect to meet the annual BE target of Revenue collections for the current year without any shortfall," the statement said.

The tax collection figures come two days after the government came out with its Q3 GDP estimate and the revised estimates for the previous two quarters.

The economy was estimated to have expanded by 7.3 percent, while the first and second quarter estimates were revised upwards at 7.6 percent and 7.7 percent, respectively.

The full-year growth rate for FY2016 was estimated at 7.6 percent.

The Union Budget will be presented on Feb. 29, 2016 by union Finance Minister Arun Jaitley. The budget session of parliament starts on Feb. 23.

 
 
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