tax collections

China tax collection down


July 25th, 2012 - 7:27 pm ICT by IANS
Beijing, July 25 (IANS) Government tax collections in China have decreased in the first half of 2012, the finance ministry said.Collection of taxes related to personal income and real estate ... Read more...

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Hoping service tax target will be exceeded: Mukherjee


June 20th, 2012 - 9:20 pm ICT by IANS
New Delhi, June 20 (IANS) Finance Minister Pranab Mukherjee said Wednesday service tax collections surged by 40 percent in the first two months of the current financial year and ... Read more...

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Personal income tax collection up 10.02 percent in April-May


June 13th, 2012 - 8:01 pm ICT by IANS
New Delhi, June 13 (IANS) The gross collection of personal income tax rose 10.02 percent during April-May, 2012-13, to Rs.27,884 crore from Rs.25,344 crore in the like period of 2011-12, ... Read more...

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Direct tax collection rises 13 percent in 2011-12


June 6th, 2012 - 8:43 pm ICT by IANS
New Delhi, June 6 (IANS) Gross direct tax collection grew by 13.02 percent to Rs.5,90,077 crore in the financial year ended March 31, 2012 as compared to Rs.5,22,104 crore in ... Read more...

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Indirect tax collection target will be met, says Mukherjee


June 4th, 2012 - 5:07 pm ICT by IANS
New Delhi, June 4 (IANS) The government is confident that it will meet the indirect tax collection target of Rs.4,99,694 crore in 2012-13, Finance Minister Pranab Mukherjee said Monday."I ... Read more...

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Government hopes to meet indirect tax collection target


February 8th, 2012 - 9:18 pm ICT by IANS
New Delhi, Feb 8 (IANS) The government Wednesday said it hopes to collect Rs.392,908 crore as indirect taxes for the fiscal ending March 31, as the mop-up in the fist ... Read more...

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Direct tax collections rise 14.6 percent in April-January


February 8th, 2012 - 4:00 pm ICT by IANS
New Delhi, Feb 8 (IANS) India's direct tax collections grew by 14.57 percent to Rs.425,274 crore in the first 10 months of the current financial year, sharply lower than the ... Read more...

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Delhi sees 23 percent increase in tax collection


January 18th, 2012 - 9:53 pm ICT by IANS
New Delhi, Jan 18 (IANS) Delhi's tax collection for the first nine months of the current fiscal increased by 23 percent at Rs.14,511 crore compared to Rs.11,822 crore collected in ... Read more...

Posted in Uncategorized |

Downturn temporary, India will clock high growth soon: Pranab


December 27th, 2011 - 6:02 pm ICT by IANS
New Delhi, Dec 27 (IANS) The Indian economy would soon be on a higher growth trajectory with inflation moderating and the savings rate going up, Finance Minister Pranab Mukherjee ... Read more...

Posted in Business |

Pakistan’s economic indicators positive: minister


December 20th, 2011 - 12:43 pm ICT by IANS
Islamabad, Dec 20 (IANS) Pakistan's economic indicators were showing positive results and the government wants to improve the efficiency of state owned enterprises, says Finance Minister Abdul Hafeez Shaikh.Shaikh said ... Read more...

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Pakistan vows to net 700,000 tax evaders


December 14th, 2011 - 12:34 pm ICT by IANS
Islamabad, Dec 14 (IANS) Pakistan will focus on 700,000 tax evaders who possess properties and frequently travel abroad but pay no tax, Finance Minister Abdul Hafeez Shaikh has said."We will ... Read more...

Posted in South Asia |

Government says fiscal deficit target may be breached


December 9th, 2011 - 5:41 pm ICT by IANS
New Delhi, Dec 9 (IANS) The government Friday officially sounded a warning that fiscal deficit targets could be breached in the current fiscal, amid a slowing economy, lax tax ... Read more...

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Direct tax collections up 27 percent in April-July


August 12th, 2011 - 9:10 pm ICT by IANS
New Delhi, Aug 12 (IANS) Gross direct tax collection increased 26.63 percent to Rs.1,32,542 crore in April-July this year as compared to Rs.1,04,668 crore during the same period last year, ... Read more...

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Tax collections, notably in services, encouraging: Mukherjee


July 27th, 2011 - 4:03 pm ICT by IANS
New Delhi, July 27 (IANS) Amid concerns that India may not be able to meet its fiscal deficit target for this fiscal, Finance Minister Pranab Mukherjee Wednesday said tax ... Read more...

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New technology to make tax payments easier: Pranab


July 15th, 2011 - 9:34 pm ICT by IANS
New Delhi, July 15 (IANS) The income tax department is upgrading its technology and introducing new ones with focus on electronic filing aimed at making tax payments easier, Finance ... Read more...

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Improve interface with small tax payers, pensioners: President


July 15th, 2011 - 6:55 pm ICT by IANS
New Delhi, July 15 (IANS) President Pratibha Patil Friday asked the income tax department to interact with tax payers, especially senior citizens and pensioners on a continuous basis to ... Read more...

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Direct tax collection in Q1 up 24 percent


July 7th, 2011 - 10:59 pm ICT by IANS
New Delhi, July 7 (IANS) The country's direct tax collection has increased almost 24 percent in the first quarter of the current fiscal year and stood at Rs.104,136 crore as ... Read more...

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Pay commercial taxes online in Karnataka


May 12th, 2011 - 9:31 pm ICT by IANS
Bangalore, May 12 (IANS) The Karnataka government, in association with the Reserve Bank of India (RBI), Thursday unveiled an electronic payment (e-payment) and reconciliation system for commercial tax payers ... Read more...

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Mukherjee presents awards to National Architectural Design Competition winners


April 16th, 2011 - 9:18 pm ICT by ANI
New Delhi, Apr 16(ANI): Union Finance Minister Pranab Mukherjee on Saturday presented the prize winning architects of the National Architectural Design Competition for Rajaswa Bhawan with citation and cash Prize at ... Read more...

Posted in National |

Direct tax mop-up jumps 21 percent


March 9th, 2011 - 9:31 pm ICT by IANS
New Delhi, March 9 (IANS) Revenue from direct taxes increased 20.75 percent to Rs.336,177 crore in the first eleven months of the current fiscal, according to official data released Wednesday.Collections ... Read more...

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Direct tax collection up 20 percent so far: Pranab


February 26th, 2011 - 8:14 pm ICT by IANS
New Delhi, Feb 26 (IANS) The country's direct tax collection has reported an increase of 20 percent in the current fiscal year and stood at Rs.335,000 crore, Finance Minister Pranab Mukherjee ... Read more...

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India economy to expand 8.6 percent this fiscal (Roundup)


February 7th, 2011 - 8:33 pm ICT by IANS
New Delhi, Feb 7 (IANS) The Indian economy is expected to grow 8.6 percent this fiscal against 8 percent in the previous year, led by 11 percent growth in services, 5.4 ... Read more...

Posted in Business |

Now, IMF pressurises Pak Govt to ‘cut tax exemptions’ to meet revenue collection target


February 5th, 2011 - 5:17 pm ICT by ANI
Islamabad, Feb 5(ANI): Besides asking Pakistan to increase the power tariffs, the International Monetary Fund (IMF) has also asked the financial crisis-hit country to reduce the tax exemptions in order to overcome ... Read more...

Posted in South Asia |

Inflation, fiscal deficit to remain big concern in 2011: FICCI


January 24th, 2011 - 7:09 pm ICT by IANS
New Delhi, Jan 24 (IANS) Relief from soaring prices of essential commodities in 2011 is unlikely, an industry survey said Monday. The government would also struggle to contain fiscal deficit to the ... Read more...

Posted in Business |

Tax targets revised upwards: Pranab


January 23rd, 2011 - 10:56 pm ICT by IANS
Chennai, Jan 23 (IANS) The government has decided to increase the targets for direct and indirect tax collections for this financial year (2010-11), Finance Minister Pranab Mukherjee said Sunday.Speaking at the ... Read more...

Posted in Business |

Mumbai’s excise, customs collections cheer up Mukherjee


December 23rd, 2010 - 11:52 pm ICT by IANS
Mumbai, Dec 23 (IANS) Excise and customs collections in Mumbai till November during this fiscal have been satisfactory, Union Finance Minister Pranab Mukherjee said Thursday after a meeting with chief commissioners."Mumbai's ... Read more...

Posted in Business |

Indirect tax collections up 42 percent in eight months


December 15th, 2010 - 9:56 pm ICT by IANS
New Delhi, Dec 15 (IANS) Revenues from indirect taxes in India jumped up 42.3 percent to Rs.2,07,756 crore in the first eight months of the current fiscal (2010-11), led by 67 percent ... Read more...

Posted in Business |

Direct tax collection up 18 pc in April-November


December 7th, 2010 - 6:14 pm ICT by IANS
New Delhi, Dec 7 (IANS) Led by 22.3 percent surge in corporate income tax mop-up, collection from direct taxes climbed 17.85 percent to Rs.216,628 crore during the first eight months of current ... Read more...

Posted in Business |

Truckers’ strike in India from December 5


November 27th, 2010 - 8:59 pm ICT by ANI
By Karan KapoorLudhiana, Nov.27 (ANI): The All-India Motor Transport Congress (AIMTC), one of the largest bodies of truck operators in the country, declared an indefinite nationwide truckers' strike will be carried out ... Read more...

Posted in National |

Direct tax mop-up jumps 19 percent, beats target


October 19th, 2010 - 8:17 pm ICT by IANS
ew Delhi, Oct 19 (IANS) Direct tax collections increased 19.09 percent to Rs.1,81,758 crore in the first six months of current fiscal, beating the budgetary target.Net direct tax collections during April-September ... Read more...

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Tamil Nadu expects Rs.30,000 crore from commercial taxes


September 16th, 2010 - 5:24 pm ICT by IANS
Chennai, Sep 16 (IANS) The Tamil Nadu government is hoping to mop up around Rs.30,000 crore from commercial taxes this fiscal. During the first five months of the fiscal, the government has earned ... Read more...

Posted in Business |

Direct tax collection rises 14 percent to Rs.1,00,112 crore


September 6th, 2010 - 8:36 pm ICT by IANS
New Delhi, Sep 6 (IANS) The government has collected 13.91 percent more taxes from individuals and companies during the first five months of this fiscal. Net direct tax collections rose to Rs.1,00,112 crore ... Read more...

Posted in Business |

April-July indirect tax collections rise 46 percent


August 12th, 2010 - 9:29 pm ICT by IANS
New Delhi, Aug 12 (IANS) Indirect tax collection increased by 46.2 percent during the first four months of this financial year, boosted by a sharp jump in the collection of custom duties. ... Read more...

Posted in Business |

Two-month turmoil cost State exchequer heavily in Jammu and Kashmir


August 9th, 2010 - 10:54 pm ICT by ANI
Srinagar, Aug 9 (ANI): Recurring shutdowns and curfews in different parts of Jammu and Kashmir cost the State exchequer millions of rupees due to the absence of regular market transactions and tax ... Read more...

Posted in National |

Highlights of report presented by PM’s economic panel


July 23rd, 2010 - 3:50 pm ICT by IANS
New Delhi, July 23 (IANS) Following are the highlights of the observations and forecasts on the performance of the Indian economy made by the Prime Minister's Economic Advisory Council, chaired by C. ... Read more...

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