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: VAT RATES :: ACCOUNTING STANDARD :: form 3cd :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: cpt :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: due date for vat payment
 
 
News Headlines »
  I-T department asks taxpayers to update their information on e-filing portal
  How to check income tax refund status
 GST panel to consult MSMEs in October end to further ease tax rigour
  How to check income tax return status
 Been Served a Notice by the Income Tax Department? Here’s How You Can Respond
 Seeks to amend the CGST Rules, 2017 - 45/2017 - Central GST (CGST)
 Government provides clarity on tax rate
 Processing of returns in Form ITR-I under section 143(1) of the Income-tax Act, 1961
  Filing of Reconciliation return in form 9 for the year 2016-17
  Today is last date for filing GSTR-1 forms for July; govt rules out further extension
 Today is last date for filing GSTR-1 forms for July; govt rules out further extension

MTNL gets Rs 1,395 crore refund from I-T Dept
April, 01st 2008
At a time when it is lagging behind its private counterparts, state-owned MTNL on Tuesday got a Rs 1,395 crore bonanza from the Income Tax Department as refund for license fee for the last six years.

The refund also includes interest payment of Rs 166.19 crore, which would increase the net profit of MTNL for the last financial year. "The interest component will have an impact on our net profitability. We are expecting it to go up by about Rs 120 crore," said the Director (Finance) of MTNL Ms Anita Soni.

The company has lined up huge investments to ramp its GSM capacity both in Delhi and Mumbai and also the broadband network. The company is planning to invest over Rs 1,500 crore during the current financial year and the refunds would be utilised for the purpose.

MTNL had been pursuing a fierce battle against I-T department before the appellate tribunal on allowing licence fee as an expense for running business and getting income tax rebate accordingly.

The company had posted a net profit of Rs 940 crore during the last financial year and the figure for the first nine months in the 2007-08 stood at Rs 480 crore. Refund of Rs 1,395 crore would give the company a major boost. MTNL has been offering variou s telecom services, including landline, mobile, broadband and had recently launched Internet Protocol on TV (IPTV) like cable services both in Delhi and Mumbai and has planned major expansion in all the segments.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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