sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
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
Latest Expert Exchange
Direct Tax »
 The impact & significance of tax changes
 Auction for Sale (Re-issue) of Government Stock (GS) February 15, 2019
 How to use it to pay tax online to avoid query from I-T Department
 Income Tax Return (ITR) filing: This much TDS you pay on income from Post office savings, PPF, Sukanya Samridhi, Kisan Vikas Patra saving account; but there's a catch
 How scrapping of tax on notional rent on second house will affect individual taxpayers
 Panel drafting direct tax law seeks 30-day extension
 Filled ITR but not submitted it till July 31? You'll have to re-fill using updated forms
 No tax refunds yet for 2018 returns
 Here's how your expenditure on education can fetch you tax benefit
 Govt likely to come up with fresh notification on angel tax in a week
 Income Tax department may become more tech friendly from FY20

Net direct tax mop-up down 3%
September, 09th 2011

Huge tax refunds by the income tax department pulled down the direct tax collection during the first five months of 2011-12 to Rs 96,738 crore, down 3.3 per cent, as compared to the net direct tax collection during the same period of the previous year.

A 156.04 per cent tax refund though has brought cheers for the tax payers but has impacted the exchequer, bringing down the net tax collection from Rs 1,00,113 crore to Rs 96,738 crore during the April-August period, a data released by the government shows.

However, gross direct tax collection during the five months period was up 25.89 per cent as against the corresponding period last year.

The gross direct tax collection stood at Rs 1,54,360 crore during the April-August period as against Rs 1,22,618 crore during the same period last year.

The Central Board of Direct Taxes (CBDT) has been on a refund drive for quite some time now. It has so far issued refunds worth Rs 57,622 crore during the first five month of the current fiscal. Tax refunds stood at Rs 22,505 crore during the same period last fiscal.

The corporate tax collection was 29.72 per cent at Rs 96,597 crore as against Rs 74,463 crore during the same period in the last fiscal. The other component of direct tax personal income tax garnered Rs 57,582 crore during the period, up 19.91 per cent as compared to Rs 48,023 crore during the same period last year.

The wealth tax collection grew by 22.14 per cent and stood at Rs 160 crore compared to Rs131 crore, while securities transaction tax collection fell by -9.09 per cent. It stood at Rs 2,021 crore as against Rs 2,223 crore during the same period last fiscal.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

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