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Direct Tax »
 Salaried taxpayers to get SMS alerts on TDS deductions
  CBDT issues second round of Certificates of Appreciation to tax payers for their contribution towards Nation building
 CBDT unveils norms for computing FMV of trust assets
 CBDT starts issuing second round of Certificates of Appreciation to tax payers
 Income Tax Department Launches SMS Alert Service on TDS Deductions
 Salaried taxpayers to get SMS alerts for TDS deductions
 Salaried tax payers to get SMS alerts on TDS deductions
 Mumbai zone direct tax collection flat in H1 FY17
 CBDT issues final rules for taxing share buy back by companies
 CBDT issues final rules for taxing share-buyback
 The direct tax collections up to September, 2016 are at Rs. 3.27 lakh crore which is 8.95% more than the net collections for the corresponding period last year.

Direct tax kitty shows healthy trend
September, 16th 2009

In direct tax segment, early reports coming for the period ending September 15 indicate a healthy trend. Data available for PSU banks show SBI has paid Rs 1,832 crore in July-September quarter as against Rs 1,068 crore in the same period last year.

Among other state-owned banks, Bank of India has paid Rs 470 crore as against Rs 230 crore last year, while the Bank of Baroda has paid Rs 412 crore as against Rs 255 crore.

Software sector also looks to be promising with an early recovery. TCS has paid Rs 220 crore advance tax in Q2 as compared to Rs 53 crore in the same period last year.

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