Domingo, 23 Setiembre, 2018

Direct tax revenues up 15 per cent in Q1

Rs. 58,783 cr has been received as advance tax up to June India Tv Direct tax revenues up 15 per cent in Q1
Danilo Martir | 07 Julio, 2017, 23:43

The first provisional numbers for direct tax collection indicate a 14.8 per cent jump in June 2017 over the same period past year, which experts feel will only increase under the goods and services tax regime.

Refunds amounting to ₹55,520 crore have been issued during April-June 2017, which is 5.2 per cent lower than the refunds issued during corresponding period past year, an official release said.

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The provisional figures for direct tax collections, released by the government on Thursday, were up for June 2017 as the net collections were Rs 1.42 lakh crore, which is 14.8 per cent higher than the net collections for the corresponding period previous year.

During the period April-June 2017, refunds worth Rs.55,520 crore have been issued by the tax department, which were lower by 5.2% compared to the refunds issued during the same period in the fiscal of 2016-17.

Delta Lloyd NV Has $8.90 Million Position in CSX Corporation (NASDAQ:CSX)
Following the acquisition, the chief executive officer now directly owns 300,000 shares in the company, valued at $15,060,000. The firm owned 1,670,023 shares of the transportation company's stock after selling 42,522 shares during the period.

The collection up to June 2017 indicates that 14.5 per cent of the annual budget target of direct taxes (Rs 9.8 lakh crore) had been achieved, it said.

The gross collections under corporate income tax (CIT) increased 4.8%, whereas those under personal income tax (PIT) including the securities transaction tax (STT) grew at 12.9, according to the statement. The growth in corporate advance tax stood at 8.1% and that in personal advance tax was at 40.3%. Service tax mop up grew 20.2% to Rs.2.54 lakh crore, whereas customs collections rose 7.4% to Rs.2.26 lakh crore.

Waymo drops most of its patent case against Uber
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