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
Direct Tax »
 TDS on interest income: Want to avoid? Here’s how you can do this
 CBDT to modify advance ruling forms for transparency in cross-border deals
 New ITR forms for 2018-19 notified by CBDT
 Income Tax Return form: There are many changes you need to know
 Procedure For Registration And Submission Of Statement Of Financial Transactions (Sft) As Per Section 285ba Of Income-Tax Act, 1961 Read With Rule 114e Of Income-Tax Rules, 1962
 Income tax return forms for FY 2017-18 released
 10 benefits of filing ITR even if you are below taxable bracket
 How to file Income Tax Returns online in five simple steps
 Income tax returns (ITR) deadline over; how belated returns filing will impact you
 Five tax changes that come into effect from today
 7 tax changes from 1 April that will transform your lifestyle

Govt direct tax mop-up rises
July, 22nd 2009

A high base effect and refunds have pulled down net direct tax collection growth to 3.65 per cent to Rs 59,465 crore during the first quarter of the current fiscal over April-June 2008-09.

The Direct tax collection, comprising corporate and personal income tax, stood at Rs 57,373 crore during the April-June period last year.

Tax payers received Rs 17,600 crore, representing 52.01 per cent growth over Rs 11,578 crore given in the first three months of last fiscal.

"Lower growth in net tax collection was mainly on account of higher tax refund outgo," an official statement here said.

Corporate tax collected during the period was also 3.31 per cent higher at Rs 35,709 crore as compared to Rs 34,566 crore against the corresponding period last year.

Besides, in the personal income tax segment, which includes Fringe Benefit Tax and Securities Transaction Tax, the government collected Rs 24,564 crore, higher by 4.38 per cent compared to last year.

Analysts said tax collections only grew marginally on account of a high base effect, which means tax mop-up was high during the same period last fiscal.

The KPMG Executive Director Vikas Vasal said, "Last year first quarter was a better quarter so even if we compare on a quarter-to-quarter basis, this figure is reasonably well."

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

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