Record Income Tax
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Record Income Tax Collection in the State

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Income-Tax

Advance Tax grown up by 30 percent
Companies pay Rs.1,107 crore as an advance tax

Income Tax collections in the State up by 40 percent
NMDC leads corporate in advance tax payment

E-Payment of direct tax is mandatory
Tax payers will come under purview with effect from January, 2008

Record Income Tax Collection in the State
NMDC, VSP amongst top tax payers

Income Tax Commissioner caught for disproportionate assets
CBI registers case and begins investigation

Goldmine for Income Tax department
Raids yield 15.32 crores in five years

Star hotel MD caught with huge currency
Rs. 3.41 crores seized

Record Income Tax Collection in the State

NMDC, VSP amongst top tax payers

Hyderabad, March 8, 2007

The Income Tax department in Andhra Pradesh has set a record by collecting Rs. 7301 crore tax by February, which is 49 percent, more than last year's Rs. 4900 crore. It is the highest on percentage wise in the country.

He said that apart from regular sources of tax, this year Income Tax department could get Rs. 65 crores from realtors and Rs. 38 crores from civil contractors tax. Department officials conducted 78 surveys on realtors and found that they had undisclosed income of Rs. 191 crore. Similarly, the number of surveys conducted on contractors was 25 who had undisclosed income of Rs. 103 crores.

He said that the National Mineral Development Corporation stood first in payment of highest amount of tax ie., Rs. 884 crore till February this year out of its total tax commitment of Rs. 1200 payable by March. The Visakhapatnam Steel Plant stood second. The Chief Election Commissioner said that his department would launch criminal prosecution against tax defaulters for concealment of income and furnishing inaccurate detail.

Andhra Pradesh on March 8, 2007

Furore over CMs relatives land issue
26 TDP MLAs along with its president suspended for two days

TDP blames Congress failed to submit forms in prescribed format
Asks Returning officers to treat Congress candidates as independent candidates

Lavish expenditure on marriage is a social evil
Chief Minister YSR speeks at public meeting

Record Income Tax Collection in the State
NMDC, VSP amongst top tax payers

Indian Bank observed International Women's Day Vizaginfo.com
End of violence against women is theme for the year

Three-lady teachers threatened for asking their salary Vizaginfo.com
Salaries have not paid since December last

Delimitation Commission conducts public hearing Vizaginfo.com
Three MPs skip hearing

March 8 in History

Events and happenings on 8 March in History

8 March 2001
Highlights: Women took out a rally in Anantapur

8 March 2002
Highlights: Congress demands resolution on Dalit reservations in private sector - Government says no

8 March 2003
Highlights: CM inaugurates DWACRA Exhibition on Womens Day

8 March 2004
Highlights: Chandrababu Naidu promises to fight for women's quota

8 March 2005
Highlights: Gift to women on the eve of International Women's Day

8 March 2006
Highlights: Two major projects for Andhra Pradesh

8 March 2007
Highlights: Record Income Tax Collection in the State

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