Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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
 
 
 
 
Popular Search: cpt :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: due date for vat payment :: articles on VAT and GST in India :: VAT RATES :: list of goods taxed at 4% :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
Direct Tax »
 No escape from fair taxation for firms as info from countries pour in: CBDT
 Income tax department open to reducing withholding tax for companies
 The different ways in which you can verify your income tax return
 Finance Ministry asks taxmen to submit note on high-pitched assessments
 Businesses in a tizzy over tech glitches in filing GST returns
 Haryana tax department turns lens on shell companies
 CBDT denies data inconsistency over new taxpayers after note ban
 No inconsistency in number of tax payers: CBDT
 India will benefit from growing tax revenue in FY2018
 I-T plans to pursue property-holders who have never filed income tax returns
 Direct Tax Collections up to July, 2017 show Growth

Direct tax mop-up at record Rs 4.5L cr
April, 13th 2011

The government has collected an all-time high income tax of Rs 4.5 lakh crore in 2010-11, at least Rs 4,000 crore more than the revised budget estimate of Rs 4.46 lakh crore.

This is in addition to all-time high refund of Rs 72,000 crore that the Central Board of Direct Taxes (CBDT) has made till March 31, 2011 by clearing backlogs.

In previous years, the tax collection figures were bloated by delayed refunds, giving a wrong picture to net direct tax collection. The early refunds have also saved the government nearly Rs 4,500 crore towards interest payments.

In Nagpur, while addressing the passing out of 63rd batch of Indian Revenue Service officers, CBDT chairman Sudhir Chandra said, "Direct taxes collection by the end of financial year 2010-11 stood at Rs 4.50 lakh crore against a revised target of Rs 4.46 lakh crore."

Chandra has issued instructions to all I-T formations to immediately clear all pending refunds and has given them an extended ten days till April 20 to make refunds to taxpayers.

Delhi has cleared 82,000 refunds between April 1 and 10; Jaipur 35,343; Ahmedabad 33,610; Chennai 30,158 and Pune 19,522, clearing all the backlog. But, taxpayers in Mumbai are not as fortunate with more than two lakh refunds pending till April 10.

Officials in the Mumbai commissionerate have refused to abide by the finance ministry's diktat and have gone slow on refunds. It has cleared nearly 7,000 refunds between April 1-10. In contrast, relatively smaller formations such as Baroda and Hyderabad cleared more than 15,667 and 18,174 refunds respectively during this period.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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