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: due date for vat payment :: VAT Audit :: TDS :: empanelment :: ACCOUNTING STANDARD :: VAT RATES :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4%
 
 
News Headlines »
 GST roll out from July 1 will make goods cheaper: Jaitley
 Aadhaar To Be Mandatory For Filing Income Tax Return, PAN Application
 7 best tax-saving solutions which can help you save money
  No proposal to replace Income Tax with Banking Cash Transaction Tax
 How to Make Tax Saving Investments Less Taxing with an SIP in ELSS
 NRIs having only investment income may not file tax returns
 With income tax returns filing deadline near, here are 3 major things to do before March 31
 When public becomes tax gatherer
  Tax dept makes public list of defaulters owing Rs448 crore
  Filing of online return for 3rd quarter of 2016-17 extension of period thereof
 No proposal to replace Income Tax with Banking Cash Transaction Tax

Govt collects Rs 65,236 cr tax in four months
August, 04th 2007
The government has collected Rs 65,236.5 crore as direct taxes during the first four months of this fiscal, which is 28 per cent higher from last year, due to rising corporate and personal income and better compliance.

After taking in account Rs 11,839.6 crore of refunds that tax authorities paid, the net direct tax collections stood at Rs 53,396.9 crore, up 45.6 per cent year-on-year, Finance Ministry sources said.

For the current fiscal, government has set a target to collect Rs 2,67,400 crore as direct taxes. Last year, the total collection under the head was Rs 2,30,091 crore.

Of the total gross tax collections this fiscal, corporate tax contributed Rs 38,757.4 crore, which is 23.3 per cent more than April-July, 2006.

Personal income tax chipped in Rs 23,415.6 crore, up 39.3 per cent.

Finance Ministry sources attributed the rise in tax collections to the booming economy, which is adding more income to the kitty of individuals and corporates, besides measures taken to tone up tax administration.

Bullish stock market enabled the authorities collect 16.9 per cent more from securities transaction tax at Rs 1,830.7 crore.

The authorities collected Rs 19,901.7 crore through advance tax payments and Rs 31,775.8 crore through tax deducted at source.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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