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Here we updated Advanced Tax Figure for India Inc for Qtr October - December
Advanced Tax Figure ( declared on 16/10/2008 )
- Tata Motors Oct-Dec advance tax nil vs 59 cr rupees
- L n T Oct-Dec advance tax 312 cr rupees vs 180cr rupees
- M n M Oct-Dec advance tax 4.5 cr rupees vs 60 cr rupees
- TCS Oct-Dec advance tax 129 cr rupees vs 108 cr rupees
- Tata Steel Q3 advance tax 230 cr rupees vs 750 cr rupees
- Ultratech Q3 advance tax 65 cr rupees vs 140 cr rupees
- Bank of Baroda Q3 advance tax 220 cr rupees vs 200 cr rupees
- Indian Hotels Q3 advance tax nil vs 50 cr rupees
- HUL Oct-Dec advance tax 155 cr rupees V/s Rs 110 cr earlier
- ACC Oct-Dec advance tax 180 cr rupees vs 150 cr rupees year ago
- Bajaj Auto Q3 advance tax 105 cr rupees vs 175 cr rupees
- Siemens Oct-Dec advance tax 130 cr rupees vs 130 cr rupees
- Idea Communication Oct-Dec advance tax 8 cr rupees vs nil
- EXIM Bank Oct-Dec advance tax 65 cr rupees
- Asian Paints Oct-Dec advance tax 45 cr rupees
- Lupin Oct-Dec advance tax 15.5 cr rupees vs 45.1 cr rupees
- Kotak Mahindra Bank Oct-Dec advance tax 40 cr rupees
- NABARD Oct-Dec advance tax 220 cr rupees vs 180 cr rupees
- RCF Oct-Dec advance tax 66 cr rupees vs 24 cr rupees
- Ambuja Cements Oct-Dec advance tax 140 cr rupees
- NSE Oct-Dec advance tax 17 cr rupees vs 69 cr rupees
Out of 21 companies who reveled their Adv Tax fig on 16th December 2008, total 8 companies reported a negative tax figure, this shows a slowdown in India Inc . The same figure was captured in FY 2008 - 09, Q2 Earnings report. That also shows a confirm slowdown in Indian Economy and this Advanced Tax figure also reported the same. But before reaching to any final decision we need to get wait and watch all figures of India Inc. In this slowdown , Tata Group get the more shock than any other corporate group. First Corus then Land Rover Jaguar Deal, Singur plant shift ( which cost approx Rs 250 crs to TATA group ) and then Mumbai Terror Attack to Tata Group , TAJ hotel which is a group hotel of Indian Hotels . The complete renovation would cost around Rs 500 - 600 crores , which is only estimated cost and can turn to be more expensive as it is a Heritage Building.
All figures are reported on NW18 , so before taking any action or call please check with the NW18 website.
Mahindra & Mahindra is a well diversified company having its presence in the auto sector, auto components, farm equipment, infrastructure development, telecom and software and trade and financial services. It is a leading name in the general-purpose utility vehicles market in India. The scheme of amalgamation of Mahindra Holdings & Finance (MHFL), a wholly owned subsidiary of the company, with the company was sanctioned by the High Court of Bombay on July 18, 2008. The scheme is effective Aug. 11, 2008 and is operative from the appointed date of Feb. 01, 2008. The accounting of this amalgamation was done as per the scheme approved by the High Court of Bombay. On account of the merger the figures for the quarter and half year of the current year are not comparable with that of the previous year, the company said.
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