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
Latest Expert Exchange
News Headlines »
 How to submit Form 15H, Form 15G to avoid TDS on interest income
 What is tax deducted at source (TDS)?
 Income Tax Return filing 2018: Here are some important tips for you
 Change in Examination Venue in Thane, Zone – II, May 2018 Examinations
 Here’s all you need to know New Income Tax return for salaried class available on IT portal
 What to do if you missed the (second) tax deadline
 Income-tax (5th Amendment) Rules, 2018 - Notification under section 9A (3) of the Income-tax Act, 1961 in respect of Fund Manager Regime
 Income Tax department warns salaried class again filing wrong ITRs
 ITR-1 form for AY 18-19 now available for e-filing
 New Income Tax Return Form for Salaried Class available in Portal
 Income Tax Return: ITR-1 ready for e-filing, says I-T department

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 2018 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