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Net direct tax collections register 5.77% growth

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..... Net direct tax collections register 5.77% growth - News and Press Release Dated:- 5-6-2009 - News - Net direct tax collections during first two months of the current fiscal (2009-10) stood at Rs.24, .....

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..... 158 crore, up from Rs.22,840 crore, registering a growth of 5.77 percent. Growth in Corporate Taxes was 5.56 percent (Rs.8,578 crore as against Rs.8,126 crore), while Personal Income Tax (including FB .....

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..... T, STT and BCTT) grew at 5.92 percent (Rs.15,559 crore as against Rs.14,690 crore). Securities Transaction Tax (STT) and Fringe Benefit Tax (FBT), however, declined by 24.75 percent (Rs.795 crore as a .....

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..... gainst Rs.1,057 crore) and 5.57 percent (Rs.103 crore as against Rs.109 crore), respectively. Overall refund outgo during the period increased by 26.19 percent (Rs.11,375 crore as against Rs.9,014 .....

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..... crore) while refunds to non-corporate taxpayers grew by 61.7 percent (Rs.2,149 crore against Rs.1,329 crore), spurred by faster processing of returns on the new national computer network. Growth du .....

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..... ring the month of May 2009, however, was 16.88 percent (Rs.11,919 crore against Rs.10,198 crore), as against a negative growth of 3.19 percent for the month of April 2009. BSC/BY/GN-140/09 - News .....

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..... - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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