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!
« Top Headlines »
Open DEMAT Account in 24 hrs
 The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:
 ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025
 ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck
 Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?
 Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy
 Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief
 Digital Efficiency for MSMEs: The Tally Prime Advantage
 5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups
 Result of the Information Systems Audit [ISA] Assessment Test held on 8th November 2025 is likely to be declared on late evening (around 9 pm) of 16th November 2025.
 Income Tax: What is revised I-T return which you can file till the end of the calendar year?
 Creating Vouchers Directly from Bank Statements in Tally Prime A Complete Step-by-Step Guide

Income tax collection from Mumbai falls below target in FY17
April, 10th 2017

The Mumbai income tax zone, which contributes a third of the nationwide direct tax collection, has missed the revenue mop-up target for FY17 by a whisker, a department official has said.

"The Mumbai zone has missed the target of Rs 2.79 trillion for fiscal 2017 by a wafer-thin margin," an official of the income tax department told PTI here.

However, the official didn't give the exact amount which has been collected from the nation's financial capital.

Citing the reason for missing the mark, the official said, "We have given refunds by over 30 per cent when compared to the previous year and it was one of the major reasons for marginally missing the target."

The Mumbai zone had achieved the revenue collection of Rs 2.48 trillion in the previous fiscal.

At the national level, direct tax collections in 2016- 17 stood at Rs 8.47 trillion, up 14.2 per cent over the the last fiscal. The department was able to meet the target for fiscal 2017 whereas it had missed the mark for pan-India in the previous financial year.

Meanwhile, Bengaluru topped the chart in collection of direct taxes among all the metros for the year, while the national capital saw a marginal growth.

In percentage terms, Bengaluru upped the chart with a 21 per cent growth at Rs 90,000 crore, whereas New Delhi's collections inched up by 5 per cent to Rs 1.1 trillion.

In contrast, Chennai zone grew 18 per cent at Rs 60,000 crore and Kolkata by 15 per cent at Rs 36,500 crore, the official added.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting