« Top Headlines » Open DEMAT Account in 24 hrs  Exposure Draft of Guidance Note on Audit of Banks (2026 Edition)  2026 Tax Relief Explained: Major Changes That Bring Big Relief for Taxpayers  Union Budget 2026: Will Real Estate Get Affordable Housing, Rental Policy & Home Loan Tax Relief?  New Income Tax Act: ITR forms to be issued prior to FY28, says govt  GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)  Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy «  New Web site on VAT launched... Tour operators get service tax exemption from Centre... » Rs 1,511-cr Income Tax collection in Vizag April, 06th 2007 The I-T Department has collected Rs 1,511 crore during 2006-07 in the Visakhapatnam region comprising Srikakulam, Vizianagaram, Visakhapatnam and the two Godavari districts. Mr A.K. Basu, the Chief Commissioner of Income Tax, said at a press meet here on Thursday that Rs 814 crore accounted for corporate tax and the rest was income tax. Last year (2005-06), Rs 903 crore was collected in the region. "We have achieved growth of 67 per cent in the region and this financial year we may cross the Rs 2,000-crore mark," he said. He attributed the rise in tax collections to the prosperity of Vizag-based PSUs in recent years.