Posts Tagged ‘Direct Tax’

The Direct Taxes Committee of ICAI in its endeavor to enable our members to e-file the income-tax returns easily, had requested the CPC to provide the Frequently Asked Questions (FAQ’s) on matters relating to e-filing, CPC and refund. In response to our request, the FAQ’s on E-filing of Income-tax Returns have been received as per following bifurcation. Please click on the links below to download the relevant FAQ.

Source: The Institute of Chartered Accountants of India.




Press Release No. 402/92/2006-MC (13 of 2012), dated 09.07.2012

Gross Direct Tax Collection during April-June of the F.Y. 2012-13 was up by 6.77 per cent at Rs. 1,11,182 crore as against Rs. 1,04,135 crore in the same period last year. While gross  collection of Corporate Taxes showed an increase of 3.48 per cent (Rs. 70,594 crore as against Rs. 68,223 crore last year), gross collection of Personal Income Tax was up by 13 per cent (Rs. 40,520 crore as against Rs. 35,858 crore last year). Net Direct Tax collections was up by 47.16 per cent and stood at Rs. 84,273 crore, as compared to Rs. 57,267 crore in the same period in the last fiscal.

Growth in Wealth Tax was (-) 3.03 per cent (Rs. 32 crore against Rs. 33 crore), while growth in Securities Transaction Tax (STT) was (-) 0.52 per cent (Rs. 952 crore against Rs.957 crore).

Source: Income Tax Department- India.