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: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: VAT Audit :: VAT RATES :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: empanelment :: ACCOUNTING STANDARD :: TDS :: list of goods taxed at 4% :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
General »
 Banks warn share tax hike threatens Paris' post-Brexit appeal
 PMC may decide on property tax rebate for IT firms this week
 I-T Dept is giving out certificates of appreciation. Have you received yours?
 Government works on ironing out benefits refund mechanism for exportersa
  Tax officials are using an IDS provision to question transactions beyond six-year-limit
 Tax-free bonds rally like midcap funds
 Senior citizens do not have to pay advance tax on salary and interest income
 GST: Audit commissioners to get adjudication powers
 Interest on NRE rupee account can be exempt from tax under FEMA
 Impact of GST on Real Estate Sector
 GST regime: Tax payers allowed to take option of third-party interfaces

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