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 :: empanelment :: ACCOUNTING STANDARDS :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: cpt :: due date for vat payment :: VAT Audit :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: ACCOUNTING STANDARD
 
 
« General »
 Retailers need to file single GST return every month
 Aadhaar is must for income tax returns if you have one; Here's how you can file it online
 Will it be a tax haven above the law?
 Your mutual fund investment tax efficient? Here are 3 steps to ensure utmost efficiency for your portfolio
 Finally a goods and services tax. But what lies ahead?
 Tax May Rise On Outbound M&As, Indian Mncs’ Investments
 Filing income tax return? Do remember to claim benefits on your reimbursements
 Banks will have a hard slog ahead to get GST-ready
 Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956
 Introduce indemnity clauses with suppliers on tax compliance: Expert
 While filing tax in India, NRIs do not have to report overseas assets

Income Tax Department to mop up Rs 35,287 crore
July, 29th 2011

The Income Tax department has set a target of Rs 35,287 crore in taxes to be collected in TN in the current financial year.

I-T sources told? on Thursday that the department had set a target of Rs 22,789 crore in taxes from corporates and Rs 12,498 from the salaried class and others.? The gross collections till now is Rs 8,238 crore of which refund is Rs? 2,112 crore.

Last year, the target was Rs 30,151 crore and the departments gross collection was Rs 32,393. After refunds worth Rs 3,023 crore, the net collection was Rs 29,370 crore.

According to recent sector-wise details available with Express, banking is the biggest contributor.

Bankings contribution was Rs 344.20 crore, followed by manufacturing, whose contribution is Rs 268.96 crore, about 17.22 per cent of the taxes. Automobile sectors contribution is only 12.53 per cent (Rs 195.66 crore) .

?Meanwhile, finance sector contributed Rs 185.18 crore (11.86 per cent) and refineries contributed Rs 153 crore as taxes.

The refineries sector showed a growth rate of 163.79 per cent followed by manufacturing sector at 47.63 per cent. Banking sectors contribution grew by 42.11 per cent, while automobile sectors growth rate was 33.18 percent. Finance sectors contribution was on the negative at minus 1.46 per cent.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 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