India Inc Advance Tax payment for Q2 worrisome

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Advance Tax payment for the July-Sep quarter of current fiscal by top 100 Corporates in India stood at Rs 31,707 crores vis-a-vis Rs. 28,863 crores in the same quarter of last fiscal, a growth of just 9.9 percent year on year.

Advance tax payment in the first half of current fiscal stood at Rs.48,054 crores against Rs.42,898 crores last year, a growth of 12% YOY.

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