Profit

Q2 advance tax payments rise

PUBLISHED ON: September 17, 2012 | Duration: 1 min, 52 sec

  
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Advance tax payments by 17 top firms based in Mumbai, India's financial capital, rose by 20 per cent for the three months ending September, though corporate profits are moderating and industrial growth is faltering. More firms are expected to pay their advance taxes by the 15 September deadline. Indian companies pay income tax every quarter on their projected earnings and these figures are used as a proxy for financial performance estimates.
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