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: empanelment :: ACCOUNTING STANDARD :: form 3cd :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: TDS :: Central Excise rule to resale the machines to a new company
 
 
« Direct Tax »
 Economists for raising direct tax in budget
 Requirement of tax deduction at source in case of entities whose income is exempted under Section 10 of the Income-tax Act, 1961
 CBDT committee to review 'naming, shaming' of tax defaulters
 CBDT committee to review ‘naming, shaming’ of tax defaulters
 Can we measure demonetisation’s impact on income tax collections?
 CBDT signs 2 more advance pricing pacts
 Income tax returns: How to calculate income from house property
 CBDT proposes new accounting standards for real estate firms
 1 lakh entities face I-T action as ‘clean money’ drive gains pace
 Here are 4 things to know about how CBDT improves ease of doing business by issuing PAN and TAN within 1 day
 Online platforms make tax filing easy, help fill details automatically

90% direct tax recovery targets this year by SMC
March, 04th 2011

Surat Municipal Corporation (SMC) has set a target of 90 per cent of direct tax recovery from the current demands, before the financial year ends on March 31, 2011. It plans to achieve this by making the recovery process more intense and harsh action against the defaulters.

As against a target of Rs 313 crore in property taxes, it has till now recovered Rs 215 crore. However of the actual demand of Rs 313 crore, Rs 90 crore are arrears and recoveries pending for years including interest of Rs 35 crore.

Sharad Mehta, assistant commissioner, finance, said, "Our performance will be better than last year. We will try to reach as close to the 90 per cent target as possible." Last year, against the demand of Rs 296 crore, the SMC had recovered Rs 216 crore as property taxes amounting to 74 per cent. "What is most heartening is that of the 13.50 lakh tax payers in the city, 10.22 lakh have already paid their dues to the civic body. Our attempt will be to reach all the tax payers before March 31."

The SMC has collected Rs 42 crore in professional tax till date and Rs 7.67 in vehicle tax. An auction of about 20 properties will be organised by it in central zone in mid-March for tax recovery.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software 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