Profit

Advance tax figures signal India Inc is in good health

PUBLISHED ON: June 23, 2008 | Duration: 2 min, 16 sec

  
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After a string of bad news on the economic front starting with spiraling fuel prices to a double digit rate of inflation, finally there seems to be something for the Finance Minister P Chidambaram to cheer about. The advance tax payments for the first quarter of 2008-09 are up 27 per cent to Rs 20,700 crore in spite of interest rate pressure.
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