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: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: form 3cd :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: cpt :: VAT Audit :: due date for vat payment :: articles on VAT and GST in India
 
 
Direct Tax »
 No change in gold seizure norms in proposed I-T Law amendments
 Direct tax collection will get a long-term boost, Franklin Templeton says
 I-T Act amendments upset calculations of cash hoarders
 Claim tax benefit on costs incurred to evict tenants
 The Integrated Goods And Services Tax Act, 2016
 Here’s what Income Tax Department did leading up to demonetisation
 I-T department asks IDS declarants to pay tax by November 30
 Cash trove tax drive dilemma
  CBDT halves Income Tax refunds issue timeline to 15 days for this fiscal
 CBDT signs four unilateral advance pricing agreements
 Central Board of Direct Taxes allowed Rs 4,500 crore of irregular benefits to infrastructure companies: CAG

Government collects Rs 6.97 lakh crore in tax during April-February
March, 31st 2012

The government today said it has collected over Rs 6.97 lakh crore in direct and indirect taxes between April and February of this fiscal.

While about Rs 3.69 lakh crore was collected in direct taxes, over Rs 3.28 lakh crore was mopped up through indirect taxes up to February 2012, Minister of State for Finance S S Palanimanickam said in a written reply to the Lok Sabha.

In Budget 2011-12, the government had estimated that it would collect Rs 5.33 lakh crore during the fiscal through direct taxes, the number was later revised to 5 lakh crore.

The Budget estimate for indirect tax collection was Rs 3.97 lakh crore which was later scaled to Rs 3.98 lakh crore.

To a query if there was a shortfall in the collection, Palanimanickam said: "Since, the financial year has not ended, whether there will be a shortfall against revised estimate 2011-12 cannot be said at this stage."

He added that the contribution of Customs, Central Excise and Service tax in total indirect tax collection during April 2011 to February 2012 was Rs 1.35 lakh crore (41.1 per cent), Rs 1.16 lakh crore (35.3 per cent) and Rs 77, 529 crore (23.6 per cent), respectively.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multimedia Presentations Multimedia Solutions 3D Solutions Corporate Presentations Business Presentations Multimedia Presentation India M

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