Though the persistent belligerence of Congress MP Jagan Mohan Reddy has often embarrassed the Congress high command since his father and former Andhra Pradesh chief minister Y S R Reddy’s death last year, not much is known about his personal wealth. His individual advance tax collection showcases more than what meets the eye. In the [...]
Archive for the ‘Advance / SA TAX’ Category
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36% rise in Gujarat’s top 4 advance tax payouts
Posted by admin on September 26th, 2010
The advance tax collection figures for the second quarter from Gujarat indicate a mixed performance by the corporates from the state. State run PSU Gujarat Mineral Development Corporation paid an advance tax of Rs 48.5 crore in the second quarter of FY-2010-2011, as against Rs 31 crore in the corresponding period last year. While, advance [...]
Top 10’s advance tax pay-out up by 11%
Posted by admin on September 23rd, 2010
ONGC has dislodged State Bank of India to emerge the top advance taxpayer for the first half of the current fiscal, the latest official data show. The top ten advance taxpayers’ pay-out up to the September 15, instalment stood at Rs 16,337 crore, reflecting an 11 per cent increase over the Rs 14,751-crore paid by [...]
Corporate advance tax up by 15% in June-Sept qtr
Posted by admin on September 16th, 2010
Buoyed by earnings growth in banks, financial services and manufacturing firms, Corporate India has paid 15% higher advance tax in the June-September quarter over the year-ago period. Among the top companies whose advance tax payment for the three months have shown a marked rise are Reliance Industries Ltd (RIL) , Life Insurance Corporation (LIC), ICICI [...]
Advance tax collections fall short of IT dept’s target
Posted by admin on September 16th, 2010
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 services companies. Advance tax payments in the second quarter (July-September) rose by 13-14 per cent, compared to a year ago, but it was below expectations, Chief [...]
It’s again time to pay advance tax Installment
Posted by admin on September 12th, 2010
It’s time to pay the next installment of advance tax for the financial year 2010-11. The deadline for payment of this installment of advance tax is September 15. According to the Income Tax Act, assessees are required to pay tax in advance in a previous year if their tax liability for the year is likely [...]
