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: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ACCOUNTING STANDARDS :: form 3cd :: due date for vat payment :: list of goods taxed at 4% :: empanelment :: articles on VAT and GST in India :: VAT RATES :: VAT Audit
Direct Tax »
 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.
 IDS is tremendous success: CBDT chief Rani Singh Nair
 Submit monthly data of appeals disposed of: CBDT to officers
 Direct tax mop-up jumps 9 per cent in H1, indirect tax up 26 per cent
 Income tax department slams notice on five Mumbai-based exporters over offshore accounts
 Redress TDS mismatch grievance of taxpayers: CBDT
 Tax department changes rule for accommodating deductions for deferred spectrum payment
 Tax dept renotifies income computation, disclosure standards
 Sushil Chandra to be the next CBDT chief

Direct tax collections up 6.51% in April-Aug
September, 11th 2012

The gross direct tax collection during April-August this fiscal went up by 6.51 per cent to over Rs. 1.64 lakh crore, from Rs. 1.54 lakh crore in the corresponding period last year, a Finance Ministry statement said.

Corporate tax collection grew by just 0.15 per cent and stood at Rs. 96,738 crore. In the April-August period last fiscal, the figure was Rs. 96,597 crore.

However, personal Income Tax collection was up by 17.09 per cent at Rs. 67,420 crore in the first five months of the fiscal. It was Rs. 57,582 crore in the same period last year. Growth in wealth tax was at 40.63 per cent and stood at Rs. 225 crore, against Rs. 160 crore in same period last year.

Securities Transaction Tax (STT) collection declined (-) 14.94 per cent at Rs. 1,719 crore in the five month period, from Rs. 2,021 crore in the corresponding period last year. The net direct Tax collection was up by a healthy 28.15 per cent to about Rs. 1.24 lakh crore against Rs. 96,738 crore in the same period last year, primarily on account of lower refunds.

The country's industrial production growth rate declined by (-) 0.1 per cent in the April-June period of the  current fiscal compared to a growth rate of 6.9 per cent in the same period last fiscal.

Last week, Finance Minister P Chidambaram had said I-T Department will adopt a non-adversarial approach in realising the direct tax target of Rs. 5.70 lakh crore for 2012-13.

He had said collections would improve in the second half of the fiscal and help achieve the 15 per cent  asking rate to achieve the budget target.

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