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: list of goods taxed at 4% :: form 3cd :: VAT Audit :: VAT RATES :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: articles on VAT and GST in India :: cpt
 
 
« News Headlines »
 The penalties for not paying tax on time
 How to make your salary tax efficient
 I-T Department may go into overdrive this quarter
 Ways to reduce the TDS deduction from your salary
 4 Tips for choosing who prepares your 2017 Tax Returns
 Processing of income-tax returns under section 143(1) of the Income-tax Act which were filed in Forms ITR-1 to 6 & applicability of section 143(1)(a)(vi)
 Price Waterhouse gets 2-year ban in Satyam case
 How to save income tax under section 80C
 These four expenditures can help you save tax under section 80C
 How to avoid excess deduction of TDS from salary income
 Income-tax deduction from salaries during the financial year 2017-18 under section 192 of the Income-tax Act, 1961

Corporate payments swell tax basket
June, 18th 2007

Indicating a continuing buoyancy in the Indian economy, corporate tax collections have seen a significant growth for the three months ended June 15. State Bank of India (SBI), among the top 10 advance tax payers for over a decade, paid Rs 503 crore for three months ended June 15.

This was 40% higher than Rs 356 crore it paid during the corresponding period last year. The rise in revenue is attributed to the banks ability to transfer the high interest cost to its borrowers.

Advance taxes are paid in four instalments in a year. They are paid in June, September, December and March. Though not a precise, the first instalment is considered 15% of the total advance tax to be paid in a year. Reliance Industries (RIL) paid Rs 290 crore, registering a 38% increase.

Last year, the company had paid Rs 210 crore. RIL, which was a zero-tax company for a long time thanks to its diligent tax planning methods that included investing in infrastructure projects, started figuring in the list of 10 top tax payers from last year.

Since all its infrastructure projects have been completed, the tax outgo too has jumped. Bajaj Auto has registered a decline in payment. The tax outgo stood at Rs 60 crore, compared to Rs 72 crore it paid a year ago, recording a 16% decline. Analysts say that the auto sector is under pressure from rising interest costs and that have affected the sales.

ICICI has paid advance tax of Rs 250 crore, marking a 25 % increase over the corresponding period last year when it paid Rs 200 crore. Hindustan Levers tax outgo registered an increase of 19%, from Rs 42 crore last year to Rs 50 crore. HLL, which used to be on top of the charts earlier, has been lagging for the last three years. While Videocon paid Rs 5 crore same as last year, Century Textiles paid Rs 23 crore against Rs 24 crore last year.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

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