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: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: Central Excise rule to resale the machines to a new company :: empanelment :: articles on VAT and GST in India :: VAT Audit :: TDS :: due date for vat payment :: cpt :: list of goods taxed at 4%
« News Headlines »
 How to file income tax returns online without having Form 16 in 10 simple steps
 Deadline For Filing Income Tax Return (ITR) Is Just 11 Days Away: 10 Latest Details To Know
  10 incomes you need not pay any tax on
 How To File Income Tax Returns In Three Steps By March 31, 2018
 10 things about income tax every taxpayer should know
 What to do if your TDS is not deposited with the government
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol

Direct tax collections top Rs 3 lakh cr
March, 31st 2008
For the first time, the Centres net direct tax collections have crossed the Rs 3-lakh crore mark.

To grasp the significance of this milestone, one needs to go back only 15 years or so. In 1990-91, the Centres net direct tax collections were about Rs 11,000 crore, which was only about one-fifth of the Centres entire tax kitty.

This year (2007-08) was a fiscal landmark for another reason too the net direct taxes collections account for over 50 per cent of the Centres revenue.

Official sources said that the net direct tax collections had crossed the Rs 3-lakh crore mark on March 29. The revised estimate of about Rs 3,04,760 crore is likely to be achieved by March 31, sources added.

The direct taxes had recorded over 40 per cent growth in fiscal 2007-08. As against the Budget estimate of Rs 2,67,490 crore, the direct collections have crossed Rs 3,00,000 crore, reflecting the sheer buoyancy in such taxes (corporate taxes and personal taxes).

Shift to direct tax

There has clearly been a shift away from indirect taxes to the direct taxes all through the post reforms period. This is seen as progressive on two counts. Firstly, by taxing earnings of individuals and corporates rather than production and trade, there is less stifling of economic activity and employment generation. Secondly, while the poor and rich pay taxes alike on goods, taxes on income and profits have a relatively egalitarian character.

Corporate taxes have since 2006-07 emerged as the single largest source of taxation for the Central Government.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

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