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: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: VAT RATES :: form 3cd :: empanelment :: ACCOUNTING STANDARD :: TDS :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: VAT Audit :: articles on VAT and GST in India :: ACCOUNTING STANDARDS
 
 
« News Headlines »
 Income Tax Department expands list of deposits, transactions under scrutiny
  Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
 Master Directions on Access Criteria for Payment Systems
 RBI-Scheduled Bank's Statement of Position in India as on Friday, January 06, 2017 (Revised)
 3 Big Mistakes To Avoid This Tax Season
 The Top 5 Tax Stories Of 2017
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA
 How much income tax you should pay on investments in gold?
  Best ways to save tax in 2017
 8 unknown stocks that could yield huge returns

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 2017 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