LIVE MARKET TRACKER :   BSE SENSEX   33251.61      |    NSE NIFTY 10252.20    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Economy  :  Net direct tax collections jump 15.8% in H1 FY18

Net direct tax collections jump 15.8% in H1 FY18 (12-Oct-2017)

The government's revenue collection during April-September, the first half of fiscal year 2017-18 has shown a healthy growth. For the period, direct tax collections, which comprise personal income and corporate tax, stood at Rs 3.86 lakh crore, registering a growth of 15.8 percent higher than the net collections for the corresponding period of last year, mainly on account of a healthy growth in advance tax mop-up. 

This is 39.4 percent of the total budget estimates of direct taxes for the current financial year. The government estimates to collect Rs 9.80 lakh crore from direct taxes in FY18. In the April- September period last fiscal, 2016-17, the direct tax collection had grown around 9 percent to Rs 3.27 lakh crore. Till September 2017, advance tax collections have hit Rs 1.77 lakh crore, a growth rate of 11.5 percent.

In terms of gross revenue collections, personal income tax (PIT) collections (including Securities Transaction Tax) rose 30.1 percent, while growth under corporate income tax (CIT) was 8.1 percent over the corresponding period last fiscal. Refunds amounting to Rs 79,660 crore have been issued during April-September 2017. Before adjusting for refunds, the gross direct tax collection increased by 10.3 percent to Rs 4.66 lakh crore during April-September 2017.


Top News Today
Adlabs Entertainment in talks with three PE firms to raise Rs 650 crore: Report
(13-Dec-2017)

Adlabs Entertainment in talks with three PE firms to raise Rs 650 crore: ReportAdlabs Entertainment is reportedly in talks with three private equity (PE) firms, including Blackstone Group Warburg Pincus and TPG to raise about Rs 650 crore from financial investors as part of a two-pronged......click on news to read complete article.

Kridhan Infra inks SSA to increase stake in VNC
(13-Dec-2017)

Kridhan Infra inks SSA to increase stake in VNCKridhan Infra (KIL) has signed a Share Subscription Agreement (SSA) to significantly enhance its strategic stake in Vijay Nirman Company (VNC). Post the completion of the transaction, VNC will operate......click on news to read complete article.

Alembic Pharma gets USFDA's nod for Darifenacin Extended Tablets
(12-Dec-2017)

Alembic Pharma gets USFDAAlembic Pharmaceuticals has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Darifenacin Extended-Release Tablets, 7.5 mg and 15......click on news to read complete article.

International Stock News
US markets closed higher on Monday
(12-Dec-2017)

US markets closed higher on MondayThe US markets closed higher on Monday, with the S&P 500 index and Dow industrials closing at records on the back of a rally in telecommunications and technology shares. Wall Street shrugged off......click on news to read complete article.

Asian markets trade higher in early deals on Monday
(11-Dec-2017)

Asian markets trade higher in early deals on MondayAsian equity benchmark indices are trading higher in the early deals on Monday, lifted by encouraging employment data from the US that took the Standard & Poor's 500 Index to its third straight......click on news to read complete article.

US markets end at record highs on upbeat jobs data
(09-Dec-2017)

US markets end at record highs on upbeat jobs dataThe US markets traded with traction and ended near record high levels on Friday, as traders reacted positively to the closely watched monthly jobs report. The continued advance by stocks came following......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.