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: ACCOUNTING STANDARD :: VAT RATES :: due date for vat payment :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: TDS :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: articles on VAT and GST in India
 
 
Direct Tax »
 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
 CBDT signs four unilateral advance pricing agreements
 Central Board of Direct Taxes allowed Rs 4,500 crore of irregular benefits to infrastructure companies: CAG

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 2016 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