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 :: due date for vat payment :: empanelment :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: form 3cd :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARD :: TDS :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: cpt
 
 
News Headlines »
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits
 Want to save tax? Here are 6 best investment options for you
 Income Tax department activates e-filing facility for all ITRs
 All the income-tax return forms for the current assessment year are available online
 New GST – CONCEPT & STATUS – As on 01st May, 2017

Taxes touch Rs 4,70,077 cr
April, 30th 2007

The government's tax collection soared to Rs 4,70,077 crore, exceeding the revised revenue estimates for 2006-07 by about Rs 5,000 crore, thanks to high economic growth and partial revamping of tax administration.

"For the first time in recent years, the actual tax collections have exceeded both budgeted estimates and revised estimates," Finance Minister P Chidambaram said while releasing tax collection figures on Saturday.

 
He said as against Rs 2,29,533 crore budgeted estimates for indirect collections, and revised estimates of Rs 2,36,202 crore, the actual collections including customs, Central excise and service taxes reached Rs 2,40,896 crore in 2006-07.

Personal income tax collections touched Rs 85,620 crore and corporate tax Rs 1,43,561 crore for the same period.

Likewise, the Finance Minister said the actual direct tax collections turned out be to Rs 2,29,181 crore as against the revised estimate of Rs 2,29,007 crore.

Customs tax collections of Rs 86,294 crore also exceeded both budgeted as well as revised estimates of Rs 77,066 crore and Rs 81,800 crore respectively.

Revised estimates of Central excise collections, which were lowered from Rs 1,17,967 crore to Rs 1,16,233 crore, were also surpassed as figures touched Rs 1,17,250 crore for 2006-07.

Service tax collections of Rs 37,352 crore were, however, lower by Rs 817 crore as against the revised estimates of Rs 38,169 crore for the fiscal.

As per budget estimates, government has projected to collect Rs 5,48,122 crore as revenue in 2007-08.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Sitemap

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