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 :: ACCOUNTING STANDARD :: VAT Audit :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: due date for vat payment :: articles on VAT and GST in India :: TDS :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS
 
 
« 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 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 2017 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