« Top Headlines » Open DEMAT Account in 24 hrs  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)  Advance tax deadline September 15: What happens if you missed the previous instalment payment?  How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability  ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer «  Mumbai IT collections rise by 62%... SEBI relaxation... » Tax revenue of VAT States up by 26.2% September, 26th 2006 Non-VAT States revenue rises by 22.52% Tax revenues of the value added tax implementing States continue to show robust growth in fiscal 2006-07. In the first five months of the current fiscal, tax revenues of the thirty VAT implementing States grew 26.2 per cent to Rs 45,579 crore as compared to revenues of Rs 36,118 crore in the same period last year. The three non-VAT implementing States - Tamil Nadu, Pondicherry and Uttar Pradesh - registered a 22.52 per cent growth in tax revenues during April-August 2006 to Rs 11,326 crore as against Rs 9,244 crore in the same period last year. Tax revenues list Tax revenues of some of the major VAT implementing States in April-August 2006 are: Delhi Rs 2,689 crore (Rs 2,207 crore); Maharashtra Rs 9,212 crore (Rs 7,057 crore); Haryana Rs 2,184 crore (Rs 1,781 crore); Kerala Rs 3,093 crore (Rs 2,483 crore); Karnataka Rs 3,920 crore (Rs 3,320 crore); Punjab Rs 1,955 crore (Rs 1,729 crore); Andhra Pradesh Rs 5,985 crore (Rs 4,440 crore); West Bengal Rs 2,119 crore (Rs 1,852 crore); Gujarat Rs 4,460 crore (Rs 3,363 crore); Madhya Pradesh Rs 1,579 crore (Rs 1,271 crore) and Rajasthan Rs 2,349 crore (Rs 1,878 crore). Among the non-VAT implementing States, Tamil Nadu's tax revenue in April-August 2006 stood at Rs 6,498 crore (Rs 5,415 crore in April-August 2005). The tax revenue of Uttar Pradesh increased to Rs 4,677 crore in April-August 2006 from Rs 3,705 crore in the same period last year.