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: articles on VAT and GST in India :: VAT Audit :: empanelment :: cpt :: form 3cd :: VAT RATES :: list of goods taxed at 4% :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company
 
 
Direct Tax »
 Direct Tax Collections up to July, 2017 show Growth
 How True is CBDT’s Claim of Record New Tax Filers?
 Five Questions for Republican Tax Reformers
 CBDT signs nine UAPAs with Indian taxpayers
 Made a mistake in your tax return? Here's how to correct it
 6 ways to verify your income tax return
 Businesses can file returns, pay taxes for July on GSTN portal
 Direct tax collection rises fastest since 2013-14
 The ‘statutory’ requirement problems of income tax returns
  CBDT signs 9 advance pricing pacts with taxpayers in July
 Which ITR form to use for Income from salary, capital gains?

Direct tax collection shows marginal rise
August, 11th 2009

Direct tax collection has not picked up as anticipated with the net direct tax mop-up being Rs 73,990 crore during the first four months of the current fiscal up to July 2009, an increase of nearly 3% over the same period last year.

Despite an improvement in corporate performance in the last few months, the same has not been reflecting in the tax collection. Growth in corporate taxes was 2.6% at Rs 42,685 crore against Rs 41,598 crore during the same period last year. Personal income tax, including STT, FBT and residual BCTT, grew at 4.3%.

The Central Board of Direct Taxes said the lower growth in net collection was mainly on account of higher tax refund outgo of 53% at Rs 20,768 crore against Rs 13,542 crore last fiscal.

Last year, the total direct tax mop-up in the first four months was Rs 71,648 crore. The collection in July this year remained positive at Rs 14,525 crore as it grew very marginally from Rs 14,275 crore during July 2008.

Securities Transaction Tax (STT) grew by 3.5%
during April-July 2009 at Rs 2,240 crore against Rs 2,164 crore in the corresponding period last fiscal.

Before the slowdown in September 2008, the annual tax growth was in the range of an average 30%-40%. But by the close of the last fiscal in 2008-09, the net direct tax collection was Rs 3,38,212 crore, up from Rs 3,12,202 crore during 2007-08, registering a growth of 8.33%. In the last fiscal, the total corporate tax collection was Rs 2,13,823 crore against Rs 1,92,911 crore in the previous year.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

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