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
Latest Expert Exchange
Direct Tax »
 Top 3 post office schemes with income tax benefits for you
 CBDT issues draft notification for amending computation of interest income
 Claim home loan interest for tax deduction from rental income
  CBDT notifies new communication scheme
 CBDT proposes changes to three IT forms, seeks public suggestions
 CBDT proposes amendments to three IT forms, invites public suggestions
 Income tax returns filing: This is what taxpayers must mention
 CBDT dedicates fortnight for pending appeal effect
 CBDT marks Jun 1-15 for expeditious disposal of pending appeals
 CBDT marks Jun 1-15 for expeditious disposal of pending appeals
 Special provisions of the Income Tax law: Are all incomes created equal?

India's Direct Tax Collection Grew By 41.2%.
May, 26th 2008

The net direct tax collections in India as on 31st January stood at Rs. 1,56,429 crore, which is up by 41.2% over the collection of Rs. 1.10,780 crore in the corresponding period last year.
Corporate tax collections were up by 48.6% at Rs.97,787 crore while personal income tax (including FBT) was up by 27.5% at Rs.54,185 crore. Securities Transaction Tax (STT) and Banking Cash Transaction Tax (BCTT) stood at Rs.3,812 crore and Rs.404 crore, growing by 90.2% and 72% respectively.
The Fringe Benefit Tax (FBT) also experienced a healthy growth rate of 41.6% and stood at Rs.3,984 crore.

The collection of personal income taxes have improved further during January 2007, indicating higher tax deductions at source (TDS). Earlier, in December 2006, the increase of Rs.35,469 crore in tax collection was mostly on account of the December installment of advance tax, indicating continued stronger performance by India Inc.

More over the Net direct tax collections have grown by 41.2% so far, outpacing the targeted growth of 27.5% as per the Budget Estimates for the fiscal 2006-07.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

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