Corporate tax collections up Corporate tax collections up Chartered Accountant CA ICAI Chartered Accountants CA ICAI CAinINDIA ICAI Announcements Accounting Standards CA News ICAI Students ICAI Members Case Laws CPT IPCC Final ICAI Course CA Course ICAI Forum CA Question Papers ICAI Study Material

« Top Headlines »

Open DEMAT Account in 24 hrs
How to check income tax return (ITR) status
Income tax rules: How much cash can you receive in one day to avoid an I-T notice?
Tax saving tips: How you can reduce tax burden under the new regime
Condonation of delay under section 119(20) of the Income-tax Act, 1961 in filing of Form No. 9A/10/108/10BB for Assessment Year 2018-19 and subsequent assessment years
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC or Form No. 10-ID for Assessment Years 2020-21, 2021-22 and 2022-23
New GST form notified to help taxpayers adjust tax demand amount: Here's how to use
ITR filing deadline extended to November 15, 2024 for these taxpayers


« The ICSI does not rank companies for corporate governance...	Sale in course of import not liable to tax... »
Corporate tax collections up

December, 21st 2006
The Centre's net direct tax collections registered 42.5 per cent increase in April 1-December 18 period to touch Rs 1,33,461 crore. While corporate taxes were up by 51.2 per cent at Rs 83,614 crore for the period under review, personal income tax (including fringe benefit tax) recorded an increase of 26.6 per cent at Rs 46,114 crore. Securities transaction tax collections stood at Rs 3,381 crore, which represents a growth of 96.8 per cent. Banking cash transaction tax collections stood at Rs 352 crore. The corporate advance tax up to December 18 stood at Rs 59,393 crore, up 38.51 per cent over Rs 42,881 crore last year. For the December 15 instalment, corporate advance tax stood at Rs 20,082 crore. This represents a 46.4 per cent increase over Rs 13,722 crore collected for December 15, 2005, instalment. Advance personal income tax (by professionals, partners etc) has increased to Rs 13,513 crore in Apr-December 18 compared with Rs 10,698 crore during the same period of the previous year.