Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: VAT RATES :: due date for vat payment :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: form 3cd :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: Central Excise rule to resale the machines to a new company
 
 
« Direct Tax »
 Pune region tops in direct tax kitty growth
 RBI releases draft directions on hedging of commodity price
 Unexplained deposits in focus, taxmen ordered to go all out in the next three months
 Why India’s corporate tax rate should be cut
 Best ways to save tax under section 80C
 Govt may exceed direct tax collection target of FY18 Budget estimates
 CBDT relaxes MAT provisions for companies under corporate insolvency
 CBDT relaxes norms for MAT on firms facing insolvency
  Income-tax deduction from salaries during the financial year 2017-18 under section 192 of the Income-tax Act, 1961
 CBDT to appeal for revival of certain deregistered companies
 How the new tax regime fared in India these last 6 months

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 2018 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