NDMC records highest collection of property tax in five years

NDMC records highest collection of property tax in five years

The New Delhi Municipal Council (NDMC) has recovered a record property tax collection of over Rs 290 crore during the current financial year so far, the highest figure in the last five years.

Indirect tax collections grow 36.5% to Rs 2.63 lakh crore

Indirect tax collections rose 36.5 percent in April-August to over Rs 2.63 lakh crore, suggesting that the underlying momentum in the economy is strong, the Finance Ministry said Wednesday.

Higher tax collections to help improve fiscal deficit: Jaitley

Finance Minister Arun Jaitley on Monday said direct tax collections for the current financial year were likely to increase by 14-15 percent, enabling the government to improve upon its fiscal deficit target of 3.9 percent.

Squeeze parallel economy in a fair manner: FM to taxmen

Jaitley further said that improvement in tax collection will increase the ability of the government to step up spending on social and infrastructure projects.

We expect a growth of 14-15% in direct tax collections: FM Jaitley

While addressing the conference he said that we have to bring tax rate at global level while t the same time removing the exemptions.

Direct Tax collections marginally short of target in 2014-15

Direct tax collections touched Rs 6,96,200 crore during 2014-15 despite difficulties on the economic front, marginally falling short of the target.

Indirect tax collections rise 7.1% in April-November 2014

Indirect tax collections rose marginally by 7.1 percent in the April-November period to over Rs 3.28 lakh crore, mainly on account of increase in revenue from service tax and customs.

Indirect tax collections rise 5.6% in Apr-Oct

Indirect tax revenues rose marginally by 5.6 percent in the April-October period to over Rs 2.85 lakh crore, mainly on account of increase in service tax and customs collections.

Indirect tax collections up 4.6% in Apr-Aug

Indirect tax mop up inched up by 4.6 percent in the April-August period of this fiscal, while customs duty and excise duty collections rose marginally.

Chidambaram meets senior tax officials to review collections

"Finance Minister today met senior officials of revenue department to review tax collections," a senior finance ministry official said.

Target non-filers, stop-filers: FM to tax officials

"Tax officials should target non-filers and stop-filers to widen the tax base and tax collections," he said while addressing top officials of the Central Board of Direct Taxes (CBDT) here.

CBEC hopeful of meeting revenue targets for FY12

Despite all indications to the contrary on the back of faltering industrial activity and the resultant general gloomy corporate sentiment, the Central Board of Excise and Customs (CBEC) has expressed optimism to achieve the FY12 indirect tax collection targets.

Government likely to miss direct tax collections target

The Finance ministry had in October revised the Budget estimate of direct tax collection upwards by Rs 53,000 crore to Rs 5,85,000 crore.