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: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: empanelment :: due date for vat payment :: form 3cd :: cpt :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: VAT Audit
 
 
General »
 Alarm bells over return of tax inspector raj
 Shah gets notices over civic tax dues
 Tax revenue down in first six months after prohibition
 Post demonetisation, Income Tax department sends 30 cases of irregularities to Enforcement Directorate, CBI
 Don’t rush into a new tax without being prepared
 Can’t tax income from palace rent: Supreme Court
  Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 30, 2016)
 Cases for tax scrutiny will be selected by machines
 Time to revisit 1997 direct tax rates, says P Chidambaram
 Lok Sabha passes Bill to tax black money deposits post demonetisation
 Last day to pay property tax with old notes

India's net tax collections rise
July, 23rd 2009

Net direct tax collections of the country stood at Rs59,465 crore at the end of the first three months of the current fiscal (up to June 2009), up 3.65 per cent from Rs57,373 crore in the same period last fiscal.

Corporate tax collections rose 3.31 per cent to Rs35,709 crore from Rs34,566 crore in the same quarter of the previous year, while personal income tax (including FBT and STT) grew 4.38 per cent to Rs23,780 crore from Rs22,782 crore in the previous year period, a government release said.

The lower growth in net tax collection was mainly on account of higher outgo on tax refund of 52.01 per cent at Rs17,600 crore in the latest quarter from as against Rs11,578 crore in the first quarter of the previous fiscal, the release said.

Fringe benefit tax (FBT) recorded a negative growth of 7.56 per cent (Rs1,031 crore as against Rs1,115 crore) while securities transaction tax (STT) declined 9.90 per cent to Rs1,462 crore from Rs1,623 crore in the comparable quarter of the previous fiscal.

Net tax collections, including TDS, during the month, however, remained positive. Net collection during June 2009 stood at Rs35,307 crore compared to Rs34,533 crore in June 2008. Corporate TDS grew 12.1 per cent to Rs19,584 crore from Rs17,477 crore last year and non-government TDS (personal income tax) grew 12.4 per cent to Rs21,188 crore from Rs18,849 crore last year.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

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