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: due date for vat payment :: articles on VAT and GST in India :: empanelment :: ACCOUNTING STANDARD :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: list of goods taxed at 4% :: TDS :: VAT Audit :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company
 
 
General »
 The most thrilling idea before every Budget: No income tax
 Finance Ministry likely to tweak Minimum Alternate Tax norms to boost industry
 Income tax department warns people to keep away from benami transactions
 New helpline for income tax e-filing
 The Central Government notifies the Companies (Amendment) Act, 2017
 GST Returns: Government Relaxes Rectification Norms
 Will govt bring change in income tax slab? here's the present structure
 No income tax exemption to cooperative banks
 Bitcoin investors may have to pay capital gains tax
 What industry expected when Modi government implemented GST
  The Finance Resolution And Deposit Insurance Bill, 2017

India Inc fared well on advance tax in FY10
March, 15th 2010

If the trends in advance tax payment by Indian companies are any indication, then India Inc seems to have fared well this fiscal, despite the overhang of the global recession.

Barring a few, most companies have paid a higher tax this quarter (Q4 FY10) and for the year (FY10), an Income Tax source said here today.

"According to preliminary data, several companies have paid a higher tax this quarter," the source said.

Aditya Birla group company, Grasim Industries, has paid Rs 216 crore advance tax in Q4 FY10 as compared to Rs 65 crore it paid in the year-ago period. Its total payment for this fiscal has gone up to Rs 811 crore as against Rs 285 crore in FY09, the source said.

Pharma major, Glaxo Smithkline, has shelled out Rs 68 crore this quarter as compared to Rs 56 crore it had paid during the same quarter last year. Total payment during FY10 stood at Rs 270 crore compared to Rs 224 crore in FY09.

Mahindra & Mahindra Financial Services has paid Rs 58 crore advance tax in Q4 FY10 compared to Rs 46 crore in Q4 FY09, while its total payment for this fiscal is Rs 197 crore compared to Rs 152 crore in FY09, the source said.

State-owned Mazgaon Dock has made a payment of Rs 29 crore this quarter as compared to Rs 21 crore it had paid during the same quarter last year.

However, its total payment during FY10 is lesser at Rs 121-crore compared to Rs 137-crore in FY09.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

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