Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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 RATES :: list of goods taxed at 4% :: due date for vat payment :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ACCOUNTING STANDARD :: form 3cd :: cpt :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT
« News Headlines »
 How to file income tax returns online without having Form 16 in 10 simple steps
 Deadline For Filing Income Tax Return (ITR) Is Just 11 Days Away: 10 Latest Details To Know
  10 incomes you need not pay any tax on
 How To File Income Tax Returns In Three Steps By March 31, 2018
 10 things about income tax every taxpayer should know
 What to do if your TDS is not deposited with the government
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol

Indian Companies Pay More Tax, Suggesting Faster Recovery Pace
September, 22nd 2009

Taxes paid by Indian companies more than doubled in the three months through September, suggesting growth in Asias third-biggest economy may be strengthening.

Advance taxes paid by local companies rose to 440.1 billion rupees ($9.15 billion) in the July-September quarter from 207.2 billion rupees in the previous three months and 14.7 percent more than the same quarter last year, said a finance ministry official who declined to be identified. Companies make advance payments once every three months, based on their estimates of income for the quarter.

Reliance Industries Ltd., Indias most valuable company, paid 11.6 billion rupees in advance taxes in the quarter to Sept. 30, 69 percent more than the April-June period, the finance ministry official told reporters in New Delhi today. State Bank of India paid 18.3 billion rupees, Oil & Natural Gas Corp. provided 17.96 billion rupees and Indian Oil Corporation Ltd. paid 11 billion rupees, he said.

Record-low interest rates and tax cuts are providing stimulus which policy makers estimate are worth more than 12 percent of Indias gross domestic product, reviving demand for cars made by Maruti Suzuki India Ltd. and Hyundai Motor Co. Economic growth may average about 8.6 percent over the next 10 to 15 years, UBS AG economist Philip Wyatt said today.

The tax numbers indicate that the worst is behind us and all the leading indicators including industrial production suggest that non-farm GDP will gain further ground, said Sonal Varma, an economist at Nomura Securities Co. in Mumbai. This is a clear sign that things are improving.

Consumer Goods

Increased spending on consumer goods and automobiles has driven tax payments higher, the official said. Advance tax payments declined 3.7 percent in the April-June period, he said. The cement sector also improved, he said.

ACC Ltd., Indias biggest cement maker, paid 1.5 billion rupees in taxes in the three months to September, more than three times 420 million paid in the previous quarter, the official said. Bharti Airtel Ltd. paid 4.84 billion rupees in taxes, compared with 1.5 billion rupees in the previous period.

Finance Minister Pranab Mukherjee said Sept. 19 Indian policy makers need to keep borrowing costs at a record low to aid a nascent economic recovery. At this point of time I cannot accept dear money policy or credit curbs as it will have an adverse impact on growth, Mukherjee said.

The central bank cut benchmark interest rates six times from October 2008 to April 2009 and said the $1.2 trillion economy will grow 6 percent in the fiscal year to March, slower than the average 8.7 percent in the previous four years.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

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