Circular No. No.402/92/2006-MC (15 of 2011)

Gross direct tax collections during April-June, 2011

What this is

Circular No. No.402/92/2006-MC (15 of 2011) was issued by the Central Board of Direct Taxes on 7 July 2011. Its subject is Gross direct tax collections during April-June, 2011.

What it does

Reports the direct tax collection figures for the first quarter of the financial year, April to June 2011. Gross collections were up 23.91 per cent at Rs 104,136 crore against Rs 84,041 crore, gross corporate tax up 23.49 per cent at Rs 68,223 crore against Rs 55,244 crore, and gross personal income-tax up 24.63 per cent at Rs 35,859 crore against Rs 28,772 crore. Net collections were down at Rs 57,268 crore against Rs 68,675 crore, because refunds rose 205.01 per cent to Rs 46,868 crore from Rs 15,366 crore.

Why it was issued

It is a routine quarterly press release of collection figures; no reason is stated.

Who it reaches

Nobody in a proceeding — it is a statistical release
Readers tracking refund issue and collection trends for that quarter

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

Gross direct tax collections during April-June, 2011
No.402/92/2006-MC (15 of 2011)
Government of India / Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

New Delhi, dated the 7th July, 2011

PRESS RELEASE

Gross direct tax collections during the first quarter of the current fiscal (April - June 2011) were up by 23.91 percent at Rs.104,136 crore as against Rs.84,041 crore. While gross collection of corporate taxes was up 23.49 percent (Rs.68,223 crore against Rs.55,244 crore last year), gross collection of personal income tax was up by 24.63 percent (Rs.35,859 crore against Rs.28,772 crore last year).

Net collections, however, stood at Rs.57,268 crore, down from Rs.68,675 crore in the same period last fiscal on account of an increase of 205.01 percent in tax refunds, which stood at Rs.46,868 crore as against Rs.15,366 crore last fiscal.

What to watch

This is a press release of figures and confers no right and imposes no obligation.
The fall in net collections is entirely explained by the surge in refunds, not by lower gross collection.
The figures are for one quarter of one year and have no continuing effect.

Where you meet it

Only as background; it does not arise in any assessment, appeal or notice.

← Circular No. 4/2011 · Circular No. DGBA.GAD.NO.H.2 /42.01.034/2011-12 →

A circular binds the department, not you and not a court. The Board issues a circular to its own officers. An assessee may hold the department to a circular that helps him; the department cannot hold an assessee to one that hurts him, and the Tribunal and the courts decide the law for themselves.

Source: the Income Tax Department’s own published text — its page for this instrument.