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: cpt :: list of goods taxed at 4% :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: VAT RATES :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: due date for vat payment :: form 3cd
 
 
« News Headlines »
 Income tax returns (ITR) filing guide: 10 excellent tax-saving options other than Section 80C to save money
 TDS Rate Chart for AY 2018-19
 Last date to submit third installment of advance tax is December 15
 5 tax-saving funds that have given stellar returns in the past 5 years
 Find out which ITR Form is suitable for you
  Pr CIT vs. Baisetty Revathi (Andhra Pradesh High Court)
 What is income tax?
 Refund procedure initiated under GST
 Income tax returns (ITR) filing: How to get capital gains tax benefits on assets in own name
 7 avenues to help you save tax under Section 80C of Income Tax Act
 How to make income tax law less taxing

Taxing times or relaxing: Telecom & IT
October, 06th 2008

Indias telecom sector is sending a clear signal of growth. If the advanced tax figures filed by the telecom companies is any indication of their performance, telecom sector is right on the growth curve. The advance tax amount for most of the companies has gone up this in the second quarter of this year.

Government-owned BSNL has earned the distinction of being the highest tax payer among telecom companies, followed by Bharti Airtel. In the first six months of the current financial year, BSNL has paid a total of Rs 660 cr, while the second highest advance taxpayer, Bharti Airtel, paid Rs 223 cr.

The other company falling in the high advance taxpayer bracket is Nokia that has paid Rs 150 cr till September 2008. The only company that has reduced the advance tax amount is Tata Teleservices. Last year, the company paid Rs 4.2 cr until September, and this year, the company has filed no advance tax.

This, however, doesnt mean that the company isnt growing. Advance tax is one of the parameters of judging the growth of the company. If your revenue increases, your tax payment increases.

However, if your capital investment increases, then there are chances that your profits might go down a bit, forcing you to pay less advance tax. This does not mean that the company is not growing. The company has invested money in its plan of expanding into the GSM segment as well, says Romal Shetty, director at KPMG.

Unlike telecom, IT companies are a mixed bag. Although companies such as Microsoft, Intel Technologies, Cognizant Technology and Cisco have increased the advance tax, the amount has gone down for most of the other companies.

This indicates a possible slowdown in the market. With the US economic slowdown, most of the ITeS companies are registering a decrease in their profits. This has a direct impact on their tax payments. Most of the companies are trying to hold back instead of paying right now, says a Bangalore-based IT analyst.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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