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: Central Excise rule to resale the machines to a new company :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: ACCOUNTING STANDARDS :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: VAT RATES :: cpt :: VAT Audit :: articles on VAT and GST in India
 
 
« Direct Tax »
 Economists for raising direct tax in budget
 Requirement of tax deduction at source in case of entities whose income is exempted under Section 10 of the Income-tax Act, 1961
 CBDT committee to review 'naming, shaming' of tax defaulters
 CBDT committee to review ‘naming, shaming’ of tax defaulters
 Can we measure demonetisation’s impact on income tax collections?
 CBDT signs 2 more advance pricing pacts
 Income tax returns: How to calculate income from house property
 CBDT proposes new accounting standards for real estate firms
 1 lakh entities face I-T action as ‘clean money’ drive gains pace
 Here are 4 things to know about how CBDT improves ease of doing business by issuing PAN and TAN within 1 day
 Online platforms make tax filing easy, help fill details automatically

Karnataka overtakes Tamil Nadu in income-tax collections
May, 07th 2014

Karnataka has pushed Tamil Nadu to the fourth slot in income-tax collections for the year ended March 2014. The first two slots are occupied by Mumbai and New Delhi regions.

Tamil Nadu, including Puducherry region, ended the year with collections of Rs.42,500 crore, marking an increase of 14 per cent over the corresponding period last year. This is the first time that collections have crossed the Rs.40,000 crore-mark and this excludes tax refund of Rs.4,500 crore. Last year, Tamil Nadu region failed to achieve its budget target collection of Rs.40,528 crore, and ended the year at Rs.37,271 crore.

Talking to The Hindu, a senior official said Karnataka, with collections of Rs.59,000 crore, overtook Tamil Nadu due to the presence of a large number of information technology firms and banks that were doing well. But Tamil Nadu suffered due to poor performances of manufacturing, automobile, leather and textile sectors. “We could easily topple Karnataka, when these sectors register higher growth volume,” he added.

According to him, Tamil Nadu region has 24 lakh assessees, of which 20.85 lakh are individuals, 1.65 lakh firms and 22,000 companies. A sum of Rs.20,000 crore was collected through tax deducted at source (TDS) and 36,000 assesses filed e-returns since January.

The official said that they had started collating information about high-value transactions from various sources, and these were cross-checked with the income-tax returns that were filed later by assesses.

He asked assessees to quote their Permanent Account Numbers (PAN) in each transaction, and mention the transaction details.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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