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: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: empanelment :: VAT Audit :: cpt :: form 3cd :: VAT RATES :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« General »
 Why consumers should welcome GST
 Retailers need to file single GST return every month
 Aadhaar is must for income tax returns if you have one; Here's how you can file it online
 Will it be a tax haven above the law?
 Your mutual fund investment tax efficient? Here are 3 steps to ensure utmost efficiency for your portfolio
 Finally a goods and services tax. But what lies ahead?
 Tax May Rise On Outbound M&As, Indian Mncs’ Investments
 Filing income tax return? Do remember to claim benefits on your reimbursements
 Banks will have a hard slog ahead to get GST-ready
 Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956
 Introduce indemnity clauses with suppliers on tax compliance: Expert

Advance tax outgo from Mumbai up 10% but falls below target
June, 16th 2012
Reflecting slowdown, the Mumbai region has shown 10 per cent growth in direct tax collection against the target of 16 per cent with top corporates like Reliance Industries, Larsen & Toubro and Tata Motors paying lower advance taxes for the first quarter of this fiscal. The advance tax payout by top 100 corporates in the region mainly comprising the financial capital is slower, an official in the income tax department said today. The region, which accounts for the largest chunk of tax receipts across the country, is targeting a 16 per cent jump in income tax collections at Rs 178,000 crore for the fiscal. However, the official said that there are some positive trends like Indian Oil Corporation paying Rs 125 crore for the three months, as compared to nil last year, as well as the jump shown by the banking and financial sector.

The growth, though below target, in advance tax collections comes amidst a slew of negative news flows on the macroeconomic front, like a slowdown in economic growth, depreciating currency and high cost of capital which dents investment plans, all of which have a bearing on a company's bottomline. Advance tax payments is a system of staggered payments of income taxes and are deemed to be a barometer of a company's performance during a quarter. Companies typically pay 15 per cent of their overall tax outgo in June. The Mukesh Ambani-led Reliance Industries reported a 14.66 per cent drop in advance tax payout at Rs 768 crore versus the year ago's Rs 900 crore, while Tata Motors' payout stood at Rs 55 crore versus the year ago's Rs 60 crore, income tax department sources said. Engineering major L&T has paid an advance tax of Rs 160 crore versus the year ago's Rs 180 crore, they said
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

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