Posts Tagged ‘taxation India’

Gross direct tax collections during april-december of the current financial year 2013-14 is up by 12.33 percent and stood at rs. 4,81,914 crore as against rs. 4,29,023 crore in the same period last year

Comments Off | 01-6-2014

Gross direct tax collections during April-December of the F.Y. 2013-14 is up by 12.33 percent at Rs.4,81,914 crore as against Rs.4,29,023 crore in the same period last year. While gross collections of Corporate taxes have shown an increase of 9.35 percent and stood at Rs.3,10,126 crore as against Rs. 2,83,605 crore during the same period

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Gross Direct Tax Collections during April-October in 2013-14 is up by 11.58 Percent and Stands at Rs.3,37,907 Crore as Against Rs.3,02,844 Crore in the Same Period Last Year

Comments Off | 11-7-2013

Gross direct tax collections during April-October of the current Financial Year 2013-14 is up by 11.58 percent and stood at Rs.3,37,907 crore as against Rs.3,02,844 crore in the same period last year. While Gross Collection of Corporate taxes has shown an increase of 8.23percent and stood at Rs.2, 09,622 crore as against Rs. 1,93,679 crore

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Net Direct Tax Collections for 2013-14, up to 17th September 2013 Shows A Growth of 12.5% and Stood At Rs. 2,38,325 Crore as against Rs. 2,11,641 Crore in the Same Period Last Year

Comments Off | 09-19-2013

Net direct tax collections for the current F.Y. 2013-14, up to 17th September 2013, stood at Rs. 2,38,325 crore as against Rs. 2,11,641 crore in the same period last year showing a growth of 12.5%. Corporate tax collections are Rs. 1,46,610 crore as against Rs. 1,35,791 crore collected to date last year; showing a growth

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Payment of Quarterly Advance Tax on or before 15th September, 2013

Comments Off | 09-15-2013

All designated branches of authorized banks have been asked to function today on 14th September and tomorrow on 15th September, 2013 (Saturday & Sunday) to accept advance tax payments. If any tax payer fails to pay the advance tax on 14th/15th September, 2013, then he/she can make the payment even on 16th September, 2013.
Payment of

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Direct Tax Collections for August Quarter up by 14.43% and Stood at Rs. 1,88,193 Crore as Against Rs. 1,64,463 Crore in the Same Period Last Year.

Comments Off | 09-7-2013

Gross direct tax collections during April-August of the Financial Year 2013-14 is up by 14.43 percent at Rs.1,88,193 crore as against Rs. 1,64,463 crore in the same period last year. While gross collection of Corporate taxes has shown an increase of 11.72 percent and stood at Rs. 1,08,075 crore as against Rs. 96,738 crore in

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Income Tax Deptt. Sends Letters to Another Batch of 35,000 Non-Filers Tax Payers again urged to disclose their true Income and Pay Due Taxes

Comments Off | 07-26-2013

As part of its ongoing initiative, the Income Tax Department has, on 22nd July, 2013 sent letters to another batch of 35,000 non filers. These persons were part of the around 12 lakh non-filers identified as a result of data matching exercise. With this latest batch, the Department has now issued letters in 2,10,000 high

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Gross Direct Tax Collections During April-May of Current Financial Year 2013-14 Up By 21.10 Percent at Rs. 63,252 Crore as Against Rs. 52,231 Crore in the Same Period Last Year

Comments Off | 06-9-2013

Gross direct tax collections during April-May of the current Financial Year 2013-14 is up by 21.10 percent at Rs. 63,252 crore as against Rs. 52,231 crore in the same period during the last fiscal. While Gross Collections of Corporate Taxes showed an increase of 14.91 percent and stood at Rs.27,957 crore as against Rs. 24,329

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Direct and Indirect Tax Proposals to Yield Rs. 18,000 Crore

Comments Off | 02-28-2013

The General Budget reiterates that clarity in tax laws, a stable tax regime, a non-adversarial tax administration, a fair mechanism for dispute resolution and independent judiciary for greater assurance is underlying theme of tax proposals. It is proposed to set up the Tax Administration Reforms Commission.
As regards Direct Taxes, a relief of Rs. 2000 for

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Advance Tax Collections Registers Growth of more than 10% During the First Twenty Days of December 2012

Comments Off | 12-29-2012

Advance Tax Collections for the month of December 2012 up to 20th December, 2012 registered a growth of 10.44% over the corresponding period last year. Advance tax Collections are worth Rs. 78,226 crores during this period as against Rs.70,826 crores collected during the corresponding period last year.
The overall growth rate of advance tax collections during

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Wide Range of Issues Ranging from Macro-Economic Trends and Outlook, Fiscal Cooperation, Revision of the Double Taxation Avoidance Convention (DTAC), Expanding Information Sharing between the Taxation Authorities and Measures to Develop Co-Financing Infrastructure Projects among Others Discussed During the Third Bilateral Meeting of Finance Ministers of India and Republic of Korea at Seoul

Comments Off | 11-5-2012

The Finance Minister of India, Shri P. Chidambaram and the Minister of Strategy and Finance of the Republic of Korea, Mr. Jaewan Bahk met in Seoul, South Korea yesterday for their 3rd Bilateral Meeting. The two ministers and their delegations discussed a wide range of issues ranging from macro-economic trends and outlook, fiscal cooperation, revision

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