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: VAT Audit :: cpt :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: TDS :: ACCOUNTING STANDARD :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment
 
 
« Direct Tax »
 Can we measure demonetisation’s impact on income tax collections?
 CBDT signs 2 more advance pricing pacts
 Income tax returns: How to calculate income from house property
 CBDT proposes new accounting standards for real estate firms
 1 lakh entities face I-T action as ‘clean money’ drive gains pace
 Here are 4 things to know about how CBDT improves ease of doing business by issuing PAN and TAN within 1 day
 Online platforms make tax filing easy, help fill details automatically
 Delhi HC refuses to stay tax case against Young Indian
 CBDT issues draft ICDS on real estate
 CBDT chairman Sushil Chandra gets one-year extensiona
 Income-tax (9th Amendment) Rules, 2017? - Amendment of Income-tax Rules, 1962 - Prescribing form & manner of exercise of option by the domestic company for the purposes of section 115BA of the Income-tax Act, 1961-reg

Direct tax collection up 6.7%
September, 17th 2011

Net direct tax collection in the current financial year up to September 15 is higher by 6.7 per cent at Rs 1,27,858 crore as against Rs 1,19,849 crore collected from April 1 to September 15 last year.

The net collection has been impacted by Rs 61,000 crore of refunds. Gross direct tax mop-up during the period has been Rs 1,88,868 crore, a growth of 29.5 per cent over the previous years collection during the period of Rs 1,45,825 crore. September 15 was the due date for payment of the second instalment of advance tax.

Interestingly, smaller centres have been doing better in growth of direct tax collection this year as compared to Mumbai and Delhi. Net direct tax revenue realisation in Chandigarh grew 42.9 per cent to Rs 7,594 crore up to September 15 from Rs 5,315 crore in the same period last year. Similarly, Punes growth was 20.5 per cent at Rs 6,623 crore, over last years collection of Rs 5,499 crore. Bhopals rise was 51.3 per cent, with the realisation of Rs 3,584 crore against Rs 2,369 crore in the period last year. Ahmedabad;s was up 38.2 per cent, to Rs 6,009 crore from Rs 4,348 crore.

Other smaller centres with a similar story include Bhubaneswar, Patna, Lucknow, Kochi and Jaipur.

The biggest contributor to the direct tax kitty, Mumbai, has seen an eight per cent decline in tax realisation with Rs 36,815.5 crore till September 15, as compared to Rs 40,000 crore in the same period last year. Delhi has seen a drop of 16.2 per cent, from Rs 18,427 crore in the 2010 period to Rs 15,444 crore.

The net direct tax mop-up in Chennai and Kolkata up to September 15 was Rs 10,334 crore and Rs 6,079 crore, respectively. While Chennai recorded a 19.9 per cent growth, Kolkatas was only 3.1 per cent.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

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