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: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: VAT RATES :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: form 3cd :: cpt :: list of goods taxed at 4% :: due date for vat payment :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: ACCOUNTING STANDARD
 
 
Direct Tax »
 E-filing of income tax return (ITR): How E-filing vault makes your account safer
 CBDT issues 24 FAQs on long term capital gains taxation
 Losing sleep over how to submit Income Tax investment proof? Your guide to glitch-free process
 Explanatory Notes to the Provisions of the Finance Act, 2017
 Here’s how you should approach tax planning
 Long Term Capital Gain under Finance Bill 2018
 Awareness drive on income tax returns filing
  Income Tax raid cases not to be processed under e-assessment: CBDT
 Income Tax raid cases not to be processed under e-assessment: CBDT
 CBDT chief to discuss revenue mobilisation with officers
 Income tax arises in the year of accrual or receipt of income

India's Direct Tax Collection For Apr-May Grows 71%
June, 20th 2008

India's net direct tax collections in the first two months of April and May of the current fiscal year grew 71.28% and stood at Rs.22, 840 crores up from Rs.13, 335 crores in the same period of previous fiscal, showed government data released by the Ministry of Finance.

Direct Tax collections have been witnessing high growth rate due to better tax compliance by the taxpayers and improved tax administration. The cost of collection has declined to an all-time low of 0.54% during the fiscal year 2008, among the lowest in the world.

The collection of corporate taxes grew 68.05% to Rs.8, 126 crores in the two months compared to Rs.4,835 crores in the same period last year. Personal Income Tax grew 73.05% to Rs.14, 690 crores from Rs.8, 489 crores in the corresponding period of previous year. Tax deducted /collected at source continued to grow at 51% as it was in April-May in 2007, said the report.

The release said that the growth in direct taxes has been achieved in spite of larger refund payouts at Rs.9, 014 crores in the first two months compared to Rs.5, 037 crores in the same period of last year. Though there was shortage of manpower, refunds were issued to 48-lakh taxpayers compared to 44.5 lakh refunds in the previous fiscal.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

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