Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: cpt :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: articles on VAT and GST in India :: TDS :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: ACCOUNTING STANDARDS
« News Headlines »
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol
 6 Tax notices you may get and how to cope with them Income Tax Notice
 Deadline to pay advance tax ends tomorrow: Here is a step-by-step guide
  Central Goods and Services Tax (Second Amendment) Rules, 2018
 Income Tax Return Filing Deadline: Waiver On LTCG Tax To End On 31 March. Details Here
 Income tax returns (ITR) filing: Top mistakes that can be very costly
 Income Tax Return (ITR) filing: 6 last-minute things you can still do to save tax for FY17-18

Advance tax collection falls 11% in Q2
September, 20th 2008

Provisional advance tax collections for the second quarter (Q2) of the current fiscal stood at around Rs 40,000 crore, nearly 11 per cent lower than in the same period last year.

The Q2 advance tax payments were made by September 15 this year. Based on their profitability projections, companies pay 45 per cent and non-corporates pay 30 per cent of their tax liability in the period. Advance tax payments are, therefore, a leading indicator of the profitability of companies. Oil and financial sectors saw a moderation in the payments.

Indias largest oil exploration firm, ONGC, retained its position as the top payer of advance tax. However, at Rs 2,412 crore, its tax payout is almost the same as in the corresponding quarter last year, when it had grown 17 per cent.

Indian Oil Corporation did not pay any advance tax in the second quarter, compared with Rs 447 crore it paid in the corresponding quarter in the last fiscal.

Mumbai, which contributes over 40 per cent of the total advance taxes, has seen a mere 8 per cent growth in the second quarter.

Indias top private lender, ICICI Bank, and diversified conglomerate Reliance Industries saw a 22 per cent and 5 per cent decline in the payments, respectively.

However, the countrys largest lender, State Bank of India, posted a robust 48 per cent increase in advance tax payment to Rs 1,560 crore, as compared with Rs 1,054 crore in the same period last fiscal. Tata Steel saw a massive 125 per cent increase in the payment.


Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and 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