Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Direct Tax »
Open DEMAT Account in 24 hrs
 Net direct tax collections exceed 2023-24 target
 Govt kicks off direct tax code revision
 ITR 2024 25 Check tax department s update on TDS and refunds
 Income Tax: Why did some taxpayers receive notice for discrepancy in house rent receipt? IT Dept explains
 Income tax exemption: 4 financial instruments you can still invest into before March 31
 CBDT drops small tax demands but not TCS, TDS claims
 ITR Refund: Awaiting money from Income Tax? Here's why you have not yet received your amount
 Income Tax Notice: What to do if you receive a Section 143 (1) notice from taxman?
 Average tax return processing time cut to 10 days: CBDT
 7 types of Income Tax Notice ITR filers may receive for AY 2023-24
 ITR filing: Do these advance preparations before filing your income tax return

RPT-India set to miss FY09 direct tax target - official
April, 01st 2009

India is unlikely to meet the direct tax receipts target of 3.45 trillion rupees ($ 68.02 billion) for financial year 2008/09 ending March 31, as the tax receipts stood at 3.28 trillion rupees on March 30, a finance ministry official said.

"Although the tax figures have still to be finalised for the fiscal, but it seems now that we are unlikely to meet the revised target of 3.45 trillion rupees for this fiscal," the official, who did not wish to be identified, told Reuters on Tuesday.

In February's interim budget for 2009/10, the finance ministry had revised down its forecast for direct tax receipts to 3.45 trillion rupees from 3.65 trillion rupees.

Direct tax receipts between April 1, 2008, and March 16 rose 18 percent from a year ago to 2.96 trillion rupees, including advance taxes paid by the corporates for the fiscal fourth quarter.

The government has forecast the fiscal deficit at 6 percent of gross domestic product, much higher than an initial forecast of 2.5 percent, as growth slows to around 7 percent in 2008/09 from 9 percent a year earlier.

The official said corporate tax receipts stood at 2.09 trillion rupees and personal income tax touched 1.18 trillion rupees till March 30, 2009.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting