News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax | PPE Safety Kit SITRA Approved | PPE Safety Kit
Top Headlines »
 ITR filing date for FY19 extended: Here's how to do it online
 5 Common Mistakes That Can Draw Income Tax Notice ITR Filing
 Income-tax (18th Amendment) Rules, 2020
 10 tax-saving fixed deposits that offer the best interest rates
 ​Amendment of rule 31​​AA, Form 27EQ
 CBDT extends FY19 income tax return filing deadline till September 30
 7 Money and tax tasks you should complete by July 31, 2020
  5 deadlines that end on July 31 ITR filing to investing for claiming deduction
 Who is eligible to file which tax return for FY 2019-20? ITR form
 How you can check your income tax refund status Income Tax Refund
  How to save tax on sale of residential property All you need to knowa

Advance tax collections up by 5%
January, 29th 2009
Amidst the cacophony of economic sombreness comes some encouraging news. Figures of advance tax collections by the office of chief commissioner of income-tax (CCIT) show a 5% increase from the amount collected by January 25 last year. By Tuesday, CCIT Chandigarh had recorded advance tax receipts of Rs 7,422.70 crore, a considerable growth from Rs 6,999.0 crore recorded on January 25, 2008. The total collections of 2007-08 were Rs 9559.90 crore. Treading cautiously, the I-T department is hopeful of maintaining its pace so far as the turnover for current year is concerned. Though the exact contributions made by asseesses of Chandigarh and neighbouring areas could not be ascertained, it is learned that 13,847 new assesses have been added to the list this year. With this, the total number of assessees in Chandigarh, Mohali and periphery has gone up to 5,03,535 from 4,89,687 in March 2008. Besides industrialists and traders, government officials and executives working in information technology firms and multinational companies dominate the list of assessees. Though the revenue receipts have increased by 5%, these are less than what we expected. As the filing is on, we hope to maintain this pace. But one things for sure, the economy could be going through a slowdown, but certainly not a meltdown as apprehended by many, PK Chopra, chief commissioner of Income Tax (CCIT), north west region, Chandigarh said. Lets wait till the end of this financial year so that things become clearer, he added. Other regions that registered an increase in number of tax payers include Panchkula region, where 46,407 new names have been added, Amritsar, with 14,710 new payers and Ludhiana region, where a total of 17,276 new assesses were added till Tuesday for the current financial year.
Home | About Us | Terms and Conditions | Contact Us | PPE Kit SITRA Approved | PPE Safety Kit
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting