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Small rise in advance tax collections
A day ahead of the Budget, there could be another reason for the finance ministry to worry. The initial numbers of the last instalment of advance tax collections for the last quarter showed a tepid growth. While banks and financial institutions led the collections, oil marketing companies paid zero tax. Banks such as State Bank of India (SBI) and HDFC Bank paid higher taxes. SBI paid the highest tax
A day ahead of the Budget, there could be another reason for the finance ministry to worry. The initial numbers of the last instalment of advance tax collections for the last quarter showed a tepid growth. While banks and financial institutions led the collections, oil marketing companies paid zero tax. Banks such as State Bank of India (SBI) and HDFC Bank paid higher taxes. SBI paid the highest tax
Top 100 companies post unflattering tax numbers
Growth in advance tax collections from the top 100 companies almost halved from 19 per cent in April-June to 9.9 per cent in July-September. Advance tax payments by these corporate assesses stood
Advance tax mop-up falls short of target
The second instalment of advance tax collections this financial year has fallen short of the Income Tax Department’s expectations, despite a robust increase in pay-outs from banks and financial
The second instalment of advance tax collections this financial year has fallen short of the Income Tax Department’s expectations, despite a robust increase in pay-outs from banks and financial
Advance tax collection may go up 15-20% in fourth quarter
Advance tax collections for the January to March quarter may see a rise of 15-20 per cent against the total collections for the corresponding period, last year. Tax special According to preliminary
Advance tax collections for the January to March quarter may see a rise of 15-20 per cent against the total collections for the corresponding period, last year. Tax special According to preliminary
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