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Rs 75,000-crore minimum alternate tax credit dilemma grips India Inc Fifteen heavyweight companies have accumulated MAT credit in excess of Rs 1,000 crore each Current Affairs :Tremendous swathes of Corporate India may not be in a rush to move to the new partnership charge system. Ninety-nine organizations, which additionally incorporate some unlisted ones, have more than Rs 100 crore every one of least interchange charge (MAT) credit on their books, in total signifying Rs 75,000 crore. Of these, 15 heavyweights, for example, NTPC, Reliance Industries, Bharti Airtel, Vedanta, and TCS have MAT credit in overabundance of Rs 1,000 crore each. “By using MAT credit, numerous organizations will have the option to cut down their compelling duty cost to 17.47 percent from 25.17 percent (under the new system), prompting considerable expense reserve funds of around 8 percent,” said Saumil Shah, accomplice, Dhruva Advisors. “Just those organizations whose compelling expense cost is h...

Sensex gives 1200-pt salute to Modi’s return; best post-exit poll rally since 1999 Banking, capital goods, oil & gas, realty, metal, consumer durables, automobiles and utilities indices were up in the range of 2.5% to 4% on the BSE on Monday LokSabha Elections 2019 : The benchmark records on Monday posted their greatest post leave survey intra-day gain since the 1999 Lok Sabha races with the S&P BSE Sensex and Nifty50 energizing almost 2.7 percent each, expecting administering the Narendra Modi – drove Bharatiya Janata Party (BJP) to come back to control at the Center. Leave surveys demonstrated the officeholder government sacking near 300 seats in the as of late finished up Lok Sabha decisions. The S&P BSE Sensex aroused more than 1,200 points, or 3.3 percent to 39,195 dimensions, while the Nifty 50 list flooded 366, or 3.2 percent, to 11,773 dimensions in intra-day bargains. In the interim, on the past leave survey day – May 13, 2014 – the S&P BSE Sense...