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: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: TDS :: empanelment :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: articles on VAT and GST in India :: ACCOUNTING STANDARDS
 
 
News Headlines »
 Directions under section 119 of the Income-tax Act, 1961
 Securities excluded from GST ambit in revised Bill
 GST dilemma: Hope fades for new tax regime
 5nance.com launches tax investment platform
 Is government tapping your phone?
 Income tax department to use analytics to look for discrepancies in bank accounts
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful

Net direct tax collection up 128% in April
May, 16th 2007
The Centre's net direct tax collections recorded a robust growth of 128.42 per cent in April 2007 to Rs 5,441 crore as against net collections of Rs 2,382 crore achieved in the same month last year.

However, the gross direct tax collections for the period under review declined to Rs 7,935 crore as compared to Rs 9,940 crore collected in April 2006.

Official sources attributed the decline in gross collections to the absence of `large demand' tax flows in April.

Last year, there were large demands made in March for which the collections came in April. But this year that did not happen. The Government had through Finance Act 2006 curtailed the time period of completion of scrutiny assessment and therefore the demands had to be raised by December 31 instead of March 31, official sources said.

While gross corporate tax collections for April 2007 stood at Rs 3,392 crore (Rs 5,584 crore), the gross personal income tax collections in the same month stood at Rs 4,540 crore (Rs 4,352 crore).

Net corporate tax collections stood at Rs 1,602 crore in April 2007 as against net outflow of Rs 1,418 crore in the same month last year. Net personal income tax collections in April 2007 stood at Rs 3,836 crore as compared to collections of Rs 3,796 crore in April 2006.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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