image

Direct Tax collection grows @ 16.69% for Gujarat

The direct tax collections in Gujarat stood at Rs 17,782.50 crore for the FY 2010-11  against the Rs 15,239.70 crore of previous year, showing a yearly  growth of 16.69 %.
In the previous year the revised target set, was almost reached, but this year  in spite of achieving the growth rate, there is seen a dip of less than a 2% from  the set target of Rs 18,136 crore for the FY 2010-11.

The corporate tax collection (industry) during FY-10-11 has also seen a growth of 21.90%  over the last year, from  Rs 9,044.30 crore to             Rs 11,024 crore.

The refunds have been higher this year, a move by which the department shall be saving on the interest payouts. Nearly 90 per cent of target allocated by CBDT on refund payments has been achieved.

The Gujarat Government has decided to open 5 more centers  under the Sevottam scheme for better public service delivery

The centers shall be opened in Bharuch , Vadodara , Ahmedabad, Rajkot and Gandhidham.

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates