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: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: due date for vat payment :: articles on VAT and GST in India :: VAT Audit :: TDS :: VAT RATES :: list of goods taxed at 4% :: form 3cd :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company
 
 
News Headlines »
  I-T department asks taxpayers to update their information on e-filing portal
  How to check income tax refund status
 GST panel to consult MSMEs in October end to further ease tax rigour
  How to check income tax return status
 Been Served a Notice by the Income Tax Department? Here’s How You Can Respond
 Seeks to amend the CGST Rules, 2017 - 45/2017 - Central GST (CGST)
 Government provides clarity on tax rate
 Processing of returns in Form ITR-I under section 143(1) of the Income-tax Act, 1961
  Filing of Reconciliation return in form 9 for the year 2016-17
  Today is last date for filing GSTR-1 forms for July; govt rules out further extension
 Today is last date for filing GSTR-1 forms for July; govt rules out further extension

Higher salaries trigger 44% rise in TDS
June, 23rd 2007
Thanks to buoyancy in tax deducted at source (TDS), net direct tax collections shot up 53% to Rs 41,412 crore till June 21 in the fiscal ending March 31, 2008.

TDS collections rose 44.5% to Rs 23,774 crore between April 1 and June 21 this fiscal when compared with Rs 16,453 crore in the same period last year.

"Higher TDS collections were due to overall buoyancy in the economy, better pay packages in the private sector, more investment and expenditure," an Income Tax department official said.

Corporations paid 26% more in advance taxes at Rs 17,514 crore as against Rs 13,884 crore in the same period of the last fiscal.

Gross direct tax collections were up 26% at Rs 49,371 crore during the period under review as against Rs 39,203 crore in the same period a year ago.

Besides increase in overall collections, lower refunds so far this year also contributed to the high growth in net collections. Refunds were down 53% to Rs 7,959 crore from Rs 12,207 crore in the same period last year.

Direct tax collections are expected to be the top revenue grosser this year replacing the dominance of indirect taxes. The direct tax to GDP ratio will also be higher than the indirect tax to GDP ratio this fiscal.

Direct tax collections, which rose a whopping 39% in 2006-07, have grown by an average 29% in the last four years compared to the 17% growth in indirect tax collections.

As per the average growth experienced in recent years, direct taxes could fetch Rs 2,96,817 crore, while indirect taxes would generate Rs 2,83,638 crore in 2007-08. The Budget estimate for direct tax collection is Rs 2,67,490 crore for 2007-08. Going by the strong growth so far this fiscal, direct tax collection is likely to be close to Rs 3,00,000 crore in 2007-08.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

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