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: Central Excise rule to resale the machines to a new company :: empanelment :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ACCOUNTING STANDARDS :: form 3cd :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: TDS
 
 
Direct Tax »
 GST is a transformational business process reform. All companies will have to change
 GST Council relaxes return filing rules for July-Aug
 Here's how self-employed individual can file tax return with ITR4
 CBDT mulling new system of jurisdiction-free I-T assessment to curb corruption
 CBDT draft notice on computing tax liability of foreign firms
 CBDT forms task force for jurisdiction-free income tax assessment system
 Aadhaar must for filing returns from July 1: CBDT
 Aadhaar mandatory for filing I-T returns and obtaining new PAN card from July 1: CBDT
 Central Board of Direct Taxes cuts profit margin for safe harbour rules
 What is TDS and how does it work?
 Income tax return: Do super senior citizens have to file returns?

Direct tax collections rise by 14.43 % in Apr-Aug
September, 06th 2013

Despite the ongoing economic slowdown, gross direct tax collections went up by 14.43 per cent to Rs.1.88 lakh crore in the first five months of the current fiscal from the Rs.1.64 lakh crore mopped up during the same period of 2012-13.

The rise, however, is still way below the direct tax collection target as the Centre has envisaged a growth rate of 19 per cent over the Rs.5.65 lakh crore garnered during the entire 2012-13 fiscal year to take its kitty to over Rs.6.68 lakh crore during 2013-14.

Interestingly, net direct tax collections during the April-August period this fiscal rose at a faster pace of 15.42 per cent to Rs.1,43,138 crore as compared to Rs.1,24,019 crore mopped up in the same period a year ago.

According to a Finance Ministry statement here, while corporate tax collections witnessed a growth of slightly over 11 per cent in line with the slowdown in industrial activity, the collection by way of personal income tax grew by a healthy 19 per cent.

As per the official data, gross corporate tax collections increased by 11.72 per cent to Rs.1,08,075 crore during the five-month period of this fiscal from Rs.96,738 crore garnered during the same period last fiscal. On the other hand, gross collections by way of personal income tax went up by 18.91 per cent to Rs.78,187 crore from Rs.65,752 crore in the like period a year ago.

Adding to the Centre’s kitty during the April-August period this fiscal by way of STT (Securities Transaction Tax) was Rs.1,649 crore while the mop-up through wealth tax was 24.44 per cent higher at Rs.280 crore against Rs.225 crore collected in the same period last fiscal.

 
 
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 Experience

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