Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: TDS :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: form 3cd :: cpt :: VAT RATES :: due date for vat payment :: VAT Audit
 
 
« General »
 Why abolishing personal income tax may not be a good idea
 Questions about the GST cess
 How to prepare for the looming tax-extension deadline
 Income tax: Gratuity for employees raised to Rs 20 lakh; here is how you will benefit
 Haryana to set up scrutiny panel on GST benefits
 Waive certain taxes for companies in insolvency proceeding
 I-T department to appoint 7600 more tax return preparer scheme to cover entire country
 All eyes are on GST as Centre plans higher social pension
 Exporters demand total exemption from GST
 Here's what you must know to stay clear of taxman
 Filing income tax returns is not enough, you need to link Aadhaar with PAN before deadline ends

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