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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: TDS :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT Audit :: list of goods taxed at 4% :: empanelment :: cpt :: articles on VAT and GST in India :: form 3cd
 
 
Direct Tax »
 CBDT signifies achievements towards eliminating domestic black money
 Seafarers get tax exemption from Ministry of Finance
 Financial institutions need to get accounts self-certified for FATCA by April 30
 Direct tax incentives to promote start-ups
 Employer didn't deposit the TDS it deducted on your salary. How to claim it?
 Central Board of Direct Taxes clarifies on cash curb, Aadhaar
 CBDT to issue PAN, TAN within a day to improve Ease of Doing Business
 Expats who stayed in India for 182 days or more must apply for Aadhaar card: CBDT
 CBDT accomplishes direct taxes collection target for FY 2016-17
  No relief to those who defaulted on 1st IDS installment: CBDT
 New Income Tax forms: What information is being asked for? All you want to know about the new rules

Mumbai's direct tax mop-up may not meet revised target
March, 03rd 2012

Direct tax collection from Mumbai region is likely to fall little short of the revised target set by the government, sources in the income tax department said.

As per sources, direct tax collection for the Mumbai region was initially set at Rs 1.80 lakh crore for the current financial year which was later revised to Rs 2.04 lakh crore.

"We may fall little short of the revised target of direct tax collection set by the government. However, we are trying to meet it," sources said.

Incidentally, the Centre had initially estimated a 20 per cent increase in direct tax mop-up for the country at Rs 5.33 lakh crore for this fiscal which was later revised to Rs 5.80 lakh crore.

However, direct tax receipts in the current fiscal to February 5 were Rs 3.6 lakh crore.

Meeting tax collection target becomes crucial for this financial year to contain the burgeoning fiscal deficit.

The latest data shows that fiscal deficit during April-January stood at Rs 4.35 lakh crore or 105.4 per cent of the full-year budgeted target.

Meanwhile, several economists have predicted that the country would not be able to meet the fiscal deficit target of 4.6 per cent set for this fiscal and may overshoot it by one percentage point.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

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