110% rise in corporate advance tax payments

Last updated: 19 March 2008

CORPORATE advance tax payments for the final quarter of the fiscal year have risen sharply, indicating that earnings for the January-March period, scheduled to be announced next month, could be robust. That would be good news for the capital markets that have been dragged down by the turmoil in world financial markets and are desperately looking for positive cues. The advance tax numbers rose 110% compared to last year. With respect to the nine Sensex stocks, which have a 48% weightage in
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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