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: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: TDS :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: form 3cd :: cpt :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: empanelment :: VAT RATES
General »
 GST Network signs MoU With DGFT for sharing of foreign exchange realisation data
 Number of companies paying tax over Rs 100 crore declines in 2013-14
 Tax and the dilemma of the self-employed
 Banks warn share tax hike threatens Paris' post-Brexit appeal
 PMC may decide on property tax rebate for IT firms this week
 I-T Dept is giving out certificates of appreciation. Have you received yours?
 Government works on ironing out benefits refund mechanism for exportersa
  Tax officials are using an IDS provision to question transactions beyond six-year-limit
 Tax-free bonds rally like midcap funds
 Senior citizens do not have to pay advance tax on salary and interest income
 GST: Audit commissioners to get adjudication powers

Pranab lauds 'magnificent' Income - Tax Dept tax mop-up in FY11
May, 13th 2011

"Unprecedented" tax collection of Rs 7.90 lakh crore in 2010-11 has "greatly strengthened" the country's efforts for fiscal consolidation, Finance Minister Pranab Mukherjee said.

"There has been an unprecedented collection of tax revenues in the financial year 2010-11. Against an initial aggregate target of Rs 7,45,000 crore that we revised to Rs 7,82,000 crore, the total collections stand at nearly Rs 7,90,000 crore," Mukherjee said in a commendation letter to CBDT Chairman Sudhir Chandra yesterday.

"This has greatly strengthened our efforts for the fiscal consolidation that is a key imperative for growth of our country's economy and the socio-economic developments of its people," he added.

Mukherjee, while calling the performance of the I-T department "magnificent", also asked Chandra to convey his "commendation" to all the officers and staff of the department across the country who are responsible for tax collection under the direct taxes category.

"At the beginning of the year, we set a target of direct tax collections of Rs 4,30,000 crore. I have noted with great pleasure that our 'Aaykar Parivar' has succeeded in meeting the revised target of Rs 4,46,000 crore and that too after issuing a record number of around 85 lakh refunds, totalling around Rs 74,000 crore during the year.

"The refunds and other taxpayer-friendly initiatives taken by CBDT are important milestones in good governance that encourage voluntary tax compliance," the Finance Minister said in his letter.

Mukherjee asked the I-T department to continue doing a good job for an innovative and responsible administration and a valuable partnership to India's growth story.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

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