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TaxTMI 
TaxTMI 
TaxTMI 
Net Direct Tax Colelctions Register Growth of 20.37% During April 2010 –January 2011
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....et Direct Tax Colelctions Register Growth of 20.37% During April 2010 –January 2011 <br>News and Press Release<br>Dated:- 8-2-2011<br><BR>Net direct tax collections during the period April 2010 to J....
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....anuary 2011 stood at Rs.3,17,501 crore, up from Rs.2,63,765 crore in the same period last fiscal, registering a growth of 20.37 percent. Growth in Corporate Income Tax was 24.78 percent (Rs.2,16,872....
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.... crore as against Rs.1,73,799 crore), while Personal Income Tax (including STT, and residual FBT / BCTT) grew at 11.87 percent (Rs.1,00,191 crore as against Rs.89,561 crore). Direct tax collection i....
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....s buoyant despite higher tax refunds, which stood at Rs.53,688 crore as against Rs.38,721 crore registering a growth of 38.65 percent. The Centralized Processing Center of the Income Tax Department at....
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.... Bengaluru had also completed processing of all e-filed tax returns for the current assessment year 2010-11. As such, all taxpayers who have filed e-returns and whose refund claim is below Rs.10 lakh ....
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....would be issued their income tax refunds by March 2011. The Chairman CBDT has directed all Chief Commissioners to upload necessary data so that the refunds can be issued expeditiously. It will be fo....
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....r the first time that most income tax refunds of the current assessment year will be dispatched to the taxpayers within the current financial year itself.<BR> News - Press release - PIB....