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: Central Excise rule to resale the machines to a new company :: VAT RATES :: form 3cd :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: due date for vat payment :: cpt :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: empanelment :: ACCOUNTING STANDARD
 
 
Direct Tax »
 FinMin may review tax regime on long-term capital gains
 Income tax return: TDS refund on capital gains invested needs to be instant
 CBDT holds circular on indirect tax provisions
 CBDT puts on hold circular on taxation of indirect transfer of shares
 CBDT prods officials to meet tax collection targets
 Budget 2017: Direct tax reforms to be gradual than radical, says KPMG
  FM Arun Jaitley may drop tough tax accounting rules
 FM Arun Jaitley may drop tough tax accounting rules
 How to view your TDS through form 26AS?
 Deduction of tax at source Income-tax deduction from salaries under section 192 of the Income-tax Act, 1961
 Banks must furnish information on accounts that have seen deposits over 2.5 lakh: CBDT

Hopeful of achieving direct tax collection target of FY14: CBDT
March, 26th 2014

Pinning hopes on last minute rush of payment of taxes by corporate and individuals, the government is hopeful of achieving revised direct tax collection target of Rs 6.36 lakh crore for this fiscal.

The government has as on March 22 collected Rs 5.82 lakh crore of direct taxes, a CBDT official said today, adding, there is still one more week to go before the close of the current financial year.

"We are hopeful of achieving revised direct tax collection target of Rs 6.38 lakh crore for 2013-14. We have, as on March 22, collected Rs 5.82 lakh crore, which is 13.6 per cent higher than the last year's collection in the corresponding period," Central Board of Direct Taxes (CBDT) Chairman R K Tewari told reporters here.

"We are optimistic about the economy an tax collection," he added.

Tewari said they have also taken "certain steps to galvanise the entire department so that in the remaining days of the current fiscal, the department is able to collect Rs 45,800 crore. We will be receiving some taxes by way of advance tax also," he added.

According to official data, as of March 22, the I-T department needs to further achieve a net collection of Rs 45,800 crore before the current fiscal closes this month on March 31.

Tewari further said that the overall advance tax collection as on March 22 grew by 8.7 per cent to Rs 2,90,323 crore. Advance tax collection in the corresponding period last year had stood at Rs 2,66,192 crore, he said.

Corporate advance tax collection as on March 22 grew by 10.8 per cent in 2013-14 to Rs 2,44,396 crore. Personal advance tax grew by 11.2 per cent to Rs 45,927 crore.

The CBDT top boss further said that 2.56 crore online Income Tax returns were filed (till March 22) in the current fiscal year, which is 40 per cent higher than same period in the last fiscal.

"Our electronic I-T filing is well received by the public. Even persons who are not mandatory required to file online ITR, are filing their returns online," Tewari said.

Talking about refunds, the CBDT Chairman said, that the numbers under this head also grew by 13.61 per cent to Rs 84,999 crore against Rs 80,729 crore in the last fiscal.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

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