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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 New direct tax code may have to wait until 2019
 New direct tax code may have to wait until 2019
 New direct tax code may have to wait until 2019
 New direct tax code may have to wait until 2019
 How to use your Form 16
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19

FM confident of meeting direct tax target
April, 10th 2007

Finance Minister P Chidambaram today exuded confidence that the "ambitious" revised target of Rs 2,29,272 crore for direct tax collections during 2006-07 would be achieved. "For the last year, revised estimates (for direct tax collections) fixed an ambitious target of over 2,29,000 crore. I am confident that when the final data comes, we would achieve the target," Chidambaram said while launching the video conference facility of the Income Tax Department.

As per the latest figure, Rs 2,23,797.1 crore has been collected comprising Rs 1,41,915.4 crore corporate tax, Rs 71,011.4 crore personal income tax, Rs 5,331.7 crore fringe benefit tax, Rs 4,729.5 crore securities transaction tax and Rs 505.4 crore banking cash transaction tax. The actual figures are expected any day this month.

For the current fiscal, the target for direct tax collections has been increased to Rs 2,67,000 crore. "All this can be ahieved, and more can be achieved if we have faith in technology and keep communications channels open, constantly upgrading the quality of information with the department and sharing such information with all field formations," the Finance Minister said.

The video conference facility connects the North Block to the 46 cities headed by chief commissioners of income tax and director general of the National Academy of Direct Taxes.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

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