Financial Daily from THE HINDU group of publications
Friday, Sep 24, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Taxation


Net direct tax collections up 47.66%

Our Bureau

New Delhi , Sept. 23

THE Central revenue department has mopped up Rs 38,364 crore from direct taxes during April 1-September 17 this year, which represents a 47.66 per cent growthto the collection level of Rs 25,982 crore recorded in the same period last year.

Collections have recorded significant gains on the back of increased advance tax collections from corporates and professionals. September 15 was the last date for the second instalment of advance tax.

Briefing newspersons on the buoyancy in net direct tax collections, the Union Finance Minister, Mr P. Chidambaram, said that net corporate tax collections increased by 27.95 per cent during April 1-September 17 to Rs 17,206 crore (Rs 13,448 crore).

On the personal income-tax front, the collections have surged by 68.8 per cent to Rs 21,158 crore (Rs 12,534 crore).

More Stories on : Taxation

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Drive to dispel fears on asbestos


Selection body for Competition panel to be reconstituted
Poverty eradication is the challenge for globalised world, says PM
At NYSE, Manmohan holds talks with corporate chiefs
Jaswant traces taxation glitches to economic ills
Jaswant call for `mental reform'
Plea for financial sops to improve environmental standards
FIEO team for SE Asia
Chinese province keen on strengthening trade ties
Kerala's draft policy aims to streamline drugs procurement
Neurology seminar at Kottayam
Cardiac check-up camps
Kanara Chamber eyeing `Metro Mangalore'
Govt to soon decide on ONGC petro retailing — Establishing MRPL as brand may be main option
Mounting steel prices hit infrastructure projects
VAT: States told to consider options on Central sales tax
Net direct tax collections up 47.66%
VAT compensation package base year to be 2004-05
New scheme to enlarge service tax assessee base
Europe looms for new parks likely in TN
Chamber seeks larger VC fund for SMEs
National Geographic Channel open to be on DTH platform
PepsiCo chief coming
New framework for medical device industry
Eco clearance must for new constructions
Rubber plantation strike called off
ICAI meet on global audit opportunities begins today
Nabard entrepreneurship scheme
Fall in groundnut oil prices dampens export optimism
Higher quotes hit guar gum powder exports — Processors blame futures exchanges for high prices
`Exports may touch $75 b this fiscal'
`Curb fake ayurveda centres'



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line