Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: VAT Audit :: due date for vat payment :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: TDS :: VAT RATES :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt
 
 
« News Headlines »
 Tax Return Preparer (Amendment) Scheme, 2018
 Tax-saving for young earners simplified
 How to save income tax? Here are 6 investments with tax free income
 10 Top salary deductions that can save tax for you
 What are the tax saving options beyond Section 80C?
 The penalties for not paying tax on time
 How to make your salary tax efficient
 I-T Department may go into overdrive this quarter
 Ways to reduce the TDS deduction from your salary
 4 Tips for choosing who prepares your 2017 Tax Returns
 Processing of income-tax returns under section 143(1) of the Income-tax Act which were filed in Forms ITR-1 to 6 & applicability of section 143(1)(a)(vi)

Tax refund helps Tech Mahindra post 67% rise in net
October, 22nd 2008

Indias sixth-largest software exporter Tech Mahindra posted a 66.7% growth in net profit at Rs 302.1 crore for the second quarter ended September 2008 against Rs 181.1 crore in the corresponding period of the previous year.

The company posted a revenue growth of 29.8% at Rs 1,164.1 crore for the second quarter against Rs 897.1 crore in corresponding quarter of the previous year.

The jump in profit was partly aided by a tax refund of Rs 60 crore from the UK government. On a sequential basis, rupee revenues were up 4%, but dollar revenues were down marginally because of the appreciation of the dollar against the pound, the currency in which the company earns most of its revenues.

The telecom sector is insulating us from the seismic effects in the economy, said CP Gurnani, president, international operations, Tech Mahindra. The company caters mainly to three sets of clientele in the telecom space telecom service providers, telecom equipment manufacturer and independent software vendors.

The companys employee strength crossed 25,000 in the September 2008 quarter. While revenues from BT have shown flat growth, non-BT revenues grew 11% sequentially, while business from the Middle East, Africa, India and other regions outside US and Europe, showed a 42% growth.

The Tech Mahindra scrip closed 11.5% up at Rs 413.10 on Tuesday. The company announced a dividend of Rs 4 per share. Commenting on the results, Romal Shetty, executive director-telecom, KPMG, told ET, The results are not surprising. Companies, which provide services in the telecom space, have not been affected by the recession yet.

However, in the coming months, if the current financial crisis continues, big telcos might defer their expansion plans, he added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions