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« Direct Tax »
 Advance tax calculation: Firms may have to furnish Apr-Sept income estimates
 Companies may have to furnish Apr-Sept income estimates to I-T dept
 CBDT working on a draft rule that makes it compulsory for companies to provide income estimates by Nov 15
 Companies, HNIs may soon have to specify reason for paying less advance tax than previous year
 TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
 CBEC tells field officers to take GST disputes to Supreme Court
 Jurisdiction-free income-tax assessment on the cards
 CBDT asks I-T department to take urgent steps
 TDS on interest on deposits made under the Capital Gains Accounts Scheme, 1988 where the depositor has deceased
 Tax evaders set to face action: CBDT chairman Sushil Chandra
 Income-tax department calls big corporate entities to pay advance taxes

Direct tax collection up 5.8% in April-March
June, 06th 2009
Indias direct tax collection in the first two months of the current fiscal rose only 5.8% year-on-year to Rs24,158 crore from Rs22,840 crore a year ago on higher refunds and a slowdown in the economy.

Corporate tax collection in April-May was Rs8,578 crore, up 5.6%, from Rs8,126 crore in the same period last year, while income-tax collection grew 5.9% year-on-year to Rs15,559 crore.

Within income tax, securities transaction tax collection fell 24.8% to Rs795 crore and fringe benefit tax declined 5.6% to Rs103 crore.
 
 
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