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: cpt :: form 3cd :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: articles on VAT and GST in India :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: empanelment :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
Direct Tax »
 CBDT signifies achievements towards eliminating domestic black money
 Seafarers get tax exemption from Ministry of Finance
 Financial institutions need to get accounts self-certified for FATCA by April 30
 Direct tax incentives to promote start-ups
 Employer didn't deposit the TDS it deducted on your salary. How to claim it?
 Central Board of Direct Taxes clarifies on cash curb, Aadhaar
 CBDT to issue PAN, TAN within a day to improve Ease of Doing Business
 Expats who stayed in India for 182 days or more must apply for Aadhaar card: CBDT
 CBDT accomplishes direct taxes collection target for FY 2016-17
  No relief to those who defaulted on 1st IDS installment: CBDT
 New Income Tax forms: What information is being asked for? All you want to know about the new rules

Advance tax mop ups book 42% rise till Sep 15
May, 02nd 2012
The leading indicator of corporate profitability, advance tax collections, has recorded an over 42 per cent rise in the current fiscal till September 15, at Rs 9,241 crore, compared to Rs 6,503 crore in 2003-04.
 
The rise in corporate tax collections, has also soared above the budget estimate of 40 per cent, for this fiscal, made by Finance Minister P Chidambaram.
 
In the same period income tax receipts have reached Rs 17,999 crore, compared to Rs 11,574 crore in last fiscal, recording an even better growth rate of 55.5 per cent.
 
The net collection of direct tax for the Centre till September 15, has touched Rs 27,240 crore. Of this, the first fortnight of this month has contributed Rs 6,110 crore. Corporate tax accounted for Rs 3,252 crore, while income tax receipts was Rs 2,858 crore.

The tax figures show that the finance ministry has achieved almost 20 per cent of the budget estimate, with corporate tax having reached 10.4 per cent, and income tax at 35.3 per cent.
 
Companies pay their second installment of tax dues, aggregating 45 per cent of their dues, for the year by September 15. In their first installment, paid by June 15, the companies pay 15 per cent of their dues. BY September 15, they pay another 30 per cent of their tax.
 
This also ensures an easier availability of liquidity for the Centre, while it staggers out the liability for the companies. The net corporate tax receipts for the period for the first 15 days of September has touched Rs 3,252 crore. This is 87.11 per cent more than the receipts for 2003-04 at Rs 1,738 crore.
 
The income tax receipts for the same period was Rs 2,858 crore, against Rs 1,808.37 crore, recorded in the same fortnight last year.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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