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
« Direct Tax »
 Direct tax collection picks up
 Can you claim income tax refund if you fail to file revised return within time limit?
 How cost inflation index helps you bring down your tax liability on LTCG
 New Income-tax law – third time lucky?
 ITR filing done, what next? Here are some easy steps to verify return digitally
 Penalty you will pay for not filing income tax return before deadline
 CBDT launches one-time facility for compounding of income tax offences
 Centre may tweak Income Tax Act, won’t replace it with direct tax code
 Government to tweak Income Tax Act, won’t replace it with direct tax code
 Monetary limits won't matter in organised tax evasion, says CBDT
 ITR Filing 2019: Filing income tax returns for FY 2018-19? Here is all you need to know

CBDT accomplishes Direct Taxes collection of Rs 10 lakh crore for FY17
April, 04th 2017

Central Board of Direct Taxes on Tuesday said that the provisional figures for revenue collections up to March, 2017 showed a gross Direct Tax collection of Rs 10.09 lakh crore.

According to the notification by company, the net collection after issue of refunds stands at Rs. 8.47 lakh crore which is 14.2 per cent higher than the net collection for the corresponding period last year.

With this the CBDT has accomplished 100 per cent of the direct tax target for Financial Year 2016-17.

Refunds amounting to Rs. 1.62 lakh crore have been issued during April 2016-March 2017, which is 32.6 per cent higher than the refunds issued during the same period for FY 2015-16. This has substantially reduced the grievances of tax payers.

While the gross collection under Corporate Income Tax (CIT) grew at 13.1 per cent during the year, the growth under Personal Income Tax (PIT) including Securities Transaction Tax (STT) is 18.4 per cent.

However, after adjusting for refunds, the net growth in CIT is 6.7 per cent while that in PIT is 21.0 per cent.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Wholesale Silver Jewelry

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