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: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: form 3cd :: ACCOUNTING STANDARDS :: TDS :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: VAT Audit
 
 
« General »
 Banking transaction tax to have cascading effect: NIPFP
 While filing tax in India, NRIs do not have to state overseas income
 Tax ease on cards, some daily use items may become cheaper
 It’s one year of GSTN, too
 SBI home, auto loan interest rates cut, set to be effective from Nov 1
 MNCs will have to furnish extra disclosures from March 2018
 High Court Allows Woman To File Income Tax Returns Without Quoting Aadhaar
 If tax status is no longer NRI, all your income is taxable in India
 Tax Benefits from Different Types of Loans under the Income Tax Act, 1961
 Do you have any question about tax filings? Now, chat online with income tax experts to clear your doubts
 DHFL loan to Manpreet Estates under tax scan

Pranab Mukherjee: Govt collects Rs7.90 lakh crore in taxes in FY11
May, 12th 2011

The government has collected an "unprecedented" Rs7.90 lakh crore in taxes in 2010-11 while refunds worth Rs74,000 crore have been issued during the fiscal, finance minister Pranab Mukherjee said today.

"There has been an unprecedented collection of tax revenues in the financial year 2010-11. Against an initial aggregate target of Rs7,45,000 crore that we revised to Rs7,82,000 crore, the total collections stand at nearly Rs7,90,000 crore," Mukherjee said in a commendation letter to Central Board of Direct Taxes (CBDT) Chairman Sudhir Chandra.

"This has greatly strengthened our efforts for 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 as "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 Rs4,30,000 crore. I have noted with great pleasure that our 'Aaykar Parivar' has succeeded in meeting the revised target of Rs4,46,000 crore and that too after issuing a record number of around 85 lakh refunds totalling around Rs74,000 crore during the year," he said.

"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 the 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 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
System Testing Solution Manual Software Testing Solutions Automation Software Testing Solutions System Workflow Testing System Manual Testing

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