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 :: VAT RATES :: cpt :: due date for vat payment :: ACCOUNTING STANDARDS :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: form 3cd :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: TDS
 
 
Direct Tax »
 Tax liability on taxable income: Clarification from CBDT is a must
 Income Tax Returns (ITR) filing for salaried staff, others: Advance tax payment deadline nearing, pay or face penalty
 To avoid extra TDS, give tax-saving proofs
 TDS on Rent under section 194I of Income Tax Act
 New direct taxes code aims for lower rates, wider base
 Towards a new direct tax system
 Central Board of Direct Taxes (CBDT) signs two Indian Advance Pricing Agreements (APAs) in November, 2017
 CBDT asks I-T to slap higher tax rate on fraudulently revised ITRs
 CBDT to accept transfer pricing MAP sans riders
 CBDT relaxes norms for MAP & APAs
 CBDT directs I-T Dept to closely examine all revised ITRs filed after demonetisation

Net direct tax collections up 10 % in four months
August, 08th 2013

Net direct tax collections went up by 10.37 per cent to Rs.1.17 lakh crore during the April-July period of the current fiscal year as against Rs.1.06 lakh crore mopped up during the same four months of 2012-13.

The growth in gross direct tax collections, however, was higher with a rise of 13.27 per cent to Rs.1.57 lakh crore during April-July this fiscal, up from Rs.1.38 lakh crore garnered in the same period of the previous fiscal.

According to a Finance Ministry statement here on Wednesday, gross collection of corporate taxes during the four months of 2013-14 was 9.75 per cent higher at Rs.92,115 crore as compared to Rs.83,932 crore mopped up in the like period a year earlier.

Personal income tax

Significantly, the gross collection of personal income tax saw a 19.32 per cent increase at Rs.63,583 crore in the first four months of the current fiscal as compared to a total of Rs.53,289 crore garnered in the same period during the previous fiscal.

As for the other direct taxes, the mop-up by way of Securities Transaction Tax (STT) during the April-July period this fiscal stood at Rs.1,267 crore while the wealth tax collection witnessed a growth of 38.62 per cent to Rs.201 crore from Rs.145 crore. Meanwhile, electronic filing of tax returns jumped by 68 per cent as compared to last year with over 1.23 crore taxpayers filing e-returns during the current filing season which closed on August 5.

Income tax return

According to the Central Board of Direct Taxes (CBDT), the latest data after the August 5 deadline for filing of income tax returns showed that more than 87 lakh salaried taxpayers filed their returns online this year, posting an overwhelming rise of 85 per cent in this category of tax filers as compared to last year.

“Up to 5th August, 87,13,493 returns were e-filed under ITR 1 and ITR 2 which is 85.8 per cent higher than the 46,90,279 returns e-filed under ITR 1 and ITR 2 in the corresponding period last fiscal,” the CBDT statement said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

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