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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: due date for vat payment :: TDS :: list of goods taxed at 4% :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: VAT RATES :: Central Excise rule to resale the machines to a new company :: VAT Audit :: form 3cd :: empanelment :: ACCOUNTING STANDARDS
 
 
Direct Tax »
 Income Tax department rejects black money disclosures of over Rs 2 lakh crore
 CBDT urges people to protect bank accounts from 'unscrupulous elements'
 No change in gold seizure norms in proposed I-T Law amendments
 Direct tax collection will get a long-term boost, Franklin Templeton says
 I-T Act amendments upset calculations of cash hoarders
 Claim tax benefit on costs incurred to evict tenants
 The Integrated Goods And Services Tax Act, 2016
 Here’s what Income Tax Department did leading up to demonetisation
 I-T department asks IDS declarants to pay tax by November 30
 Cash trove tax drive dilemma
  CBDT halves Income Tax refunds issue timeline to 15 days for this fiscal

Direct tax collection up 15 pc to Rs 68K crore
July, 07th 2010

Higher corporate earnings helped the direct tax kitty swell to Rs 68,675 crore during the first quarter of the current fiscal year, with the corporate advance tax growing over 30 per cent during the period the fastest since 2005.

According to the government figures released today, the net direct tax collection registered a 15.49 per cent rise during

April-June quarter at Rs 68,675 crore as against Rs 59,465 crore during the same period last fiscal. The main contribution came from the corporate sector, the advance tax collection of which stood at Rs 26,876 crore during the first quarter as against Rs 20,456 crore in the corresponding period a year ago.

As such, corporate taxes stood at Rs 43,439 crore during the period as against Rs 35,709 crore a year ago, registering an increase of 21.65 per cent. Hit hard by the economic slowdown, the corporate advance tax collection had dipped in 2008-09, recovering during 2009-10 with an increase of 25.1 per cent.

The increase in advance tax collection was 30 per cent in 2006-07 and 26.9 per cent in 2005-06. In the Budget for 2010-11, the government had estimated direct tax collection of Rs 4.30 lakh crore, an increase of 13 per cent over the last budget.

However, realisation from the personal income tax, which includes securities transaction tax and residual fringe benefit tax, grew only marginally by 1.24 per cent to Rs 24,075 crore during the April-June period as against Rs 23,780 crore a year ago. The securities transaction tax recorded a negative growth of 25.21 per cent and stood at Rs 1,094 crore from Rs 1,462 crore during the same corresponding period a year ago.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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