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: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: VAT RATES :: form 3cd :: due date for vat payment :: TDS :: ACCOUNTING STANDARDS :: VAT Audit :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: empanelment
 
 
News Headlines »
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits

Government recovers Rs 18,000 crore tax
March, 25th 2009

The government's direct tax collection of Rs 3,12,000 crore as of March 17 includes Rs 18,000 crore recovered by taxmen from regular tax payers and corporate assesses who were trying to understate their liabilities.

The taxmen raised demands for recovery of these taxes as IT authorities are racing against time to meet the truncated target of Rs 3,45,000 crore by March 31.

"Rs 18,000 crore have been recovered post assessment from the demands raised by the department from the taxpayers till March 17," Member CBDT (Revenue) Saroj Bala told reporters.

Of the total recovery made, Rs 13,000 crore was collected from regular tax payers while Rs 5,000 crore was collected from corporate assessees, she said.

While the direct tax collection at Rs 3,12,800 crore is a growth 18.8 per cent from Rs 3,12,202 crore in the same period last fiscal, the tax authorities are mopping up the recoveries to meet the set targets.

By the end of this fiscal, which is March 31, the recoveries would increase by another few thousand crores, Bala said.

Corporate advance taxes have grown by 17.5 per cent to Rs 1,23,400 crore against to Rs 1,05,100 crore in the comparable period last year, while corporate tax deducted at source has gone up by 36 per cent to Rs 59,500 crore as compared to Rs 43,800 crore in the same period last fiscal.

Advance tax payment by 50 largest tax-paying corporates stood at Rs 16,252.48 crore in the fourth quarter against Rs 14,703.19 crore in the year-ago period.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

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