Tuesday, December 22, 2009

Advance tax payments by Indian firms

Advance tax payments by Indian firms rose 24 % annually in October-December, signaling higher corporate profits and raising prospects that the country may exceed the target for direct taxes. The corporates paid
about Rs 55,900 crore in advance tax in the December quarter compared to about Rs 50500 crore during July-September quarter, and  about Rs 41,600 crore during the year-ago quarter.

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