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 VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: cpt :: TDS :: due date for vat payment :: list of goods taxed at 4% :: VAT RATES :: VAT Audit :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: empanelment
 
 
Direct Tax »
 No change in gold seizure norms in proposed I-T Law amendments
 Direct tax collection will get a long-term boost, Franklin Templeton says
 I-T Act amendments upset calculations of cash hoarders
 Claim tax benefit on costs incurred to evict tenants
 The Integrated Goods And Services Tax Act, 2016
 Here’s what Income Tax Department did leading up to demonetisation
 I-T department asks IDS declarants to pay tax by November 30
 Cash trove tax drive dilemma
  CBDT halves Income Tax refunds issue timeline to 15 days for this fiscal
 CBDT signs four unilateral advance pricing agreements
 Central Board of Direct Taxes allowed Rs 4,500 crore of irregular benefits to infrastructure companies: CAG

Net direct tax collections rise 7-fold in April
May, 17th 2012

The net direct tax collections rose to a whopping Rs14,812 crore in April this year, a seven fold increase compared to the same period of last fiscal.

Net direct tax collections, gross collections minus refunds, was at Rs1,992 crore in April 2011.

The net collection was higher mainly due to lower refunds given by the revenue department in April 2012.


The gross direct tax collection in April fell by over 7% to Rs24,631 crore, official sources said. The collection was Rs27,091 crore in April 2011.
During April 2012, the net personal income tax collection went up by a huge 70% to Rs14,423 crore. The figure was Rs8,472 crore in the corresponding month last fiscal.

The net collection in corporate taxes was Rs383 crore in April 2012. The same was Rs.(-) 6,490 crore in the corresponding period of last fiscal.

Besides, collection from wealth tax stood at Rs6 crore, down from Rs10 crore collected in April 2011.

The government has fixed a direct tax collection target of Rs5.70 lakh crore for the current fiscal.

In the 2011-12 fiscal, the government has collected taxes of over Rs4.93 lakh crore as per provisional estimates, against a budgeted target of Rs5.32 trillion.

During the last fiscal, the revenue department provided refunds worth Rs97,158 crore, an increase of 29.25% over 2010-11.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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