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
Latest Expert Exchange
« News Headlines »
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19
 Income tax returns (ITR) filing: Have you received I-T dept notice? Safeguard yourself; here is how
 Delayed release of electronic ITR forms may compel CBDT to extend the filing deadline
 Trading volume linked to tax return?
 How to e-verify your income tax return? Here are five ways to do it
 Received an Income Tax notice? Here is what you can do

CBDT sets tax mop-up aims for various zones
July, 01st 2006
The Central Board of Direct Taxes (CBDT) has allocated individual direct tax collection targets for all its major zones, including separate targets for banking cash transaction tax (BCTT) and securities transaction tax (STT).

It is for the first time that the CBDT has segregated targets into corporate, personal, BCTT and STT categories for its various CCITs (chief commissioners of income tax).

Until now, the CBDT used to allocate only a combined direct tax collection target to the CCITs.

Mumbais total collection target is the highest at Rs 69,548 crore. Of this, Rs 46,828 crore has been set for corporate tax, Rs 18,998 crore for personal tax (inclusive of fringe benefit tax), Rs 3,474 crore for STT and Rs 247 crore for BCTT.

Officials said the revenue potential of different regions, along with collections under various heads in 2005-06, has been kept in mind while setting the target for each CCIT.

Over 95 per cent of the total STT mop-up is expected to be raised from Mumbai. The target for Ahmedabad is just Rs 7 crore, for Chennai and Kolkata around Rs 6 crore each, and for Bangalore around Rs 3.5 crore.

The BCTT target for Bangalore has been pegged at Rs 65 crore, while for Delhi it is Rs 52 crore. The BCTT target for Hyderabad is Rs 33 crore, for Chennai Rs 29 crore, for Kolkata Rs 23 crore, and for Pune Rs 11 crore.

The second highest corporate tax collection target is Delhis, at Rs 24,100 crore, followed by Meerut at Rs 12,210 crore and Bangalore at Rs 11,334 crore.

The personal income tax collection targets (inclusive of the FBT) have been pegged at Rs 9,493 crore for Delhi, Rs 8,230 crore for Bangalore, Rs 4,200 crore for Chandigarh and Rs 3,741 for Ahmedabad.

The CBDT has also allocated its internal arrears collection target of Rs 11,741 crore among the various regions, with Delhi having the highest target of Rs 3,799 crore, followed by Mumbai at Rs 2,469 crore and Kolkata at Rs 1,213 crore.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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