accounting provision

Maruti to raise deferred tax liability provision by Rs 850 cr in Q2 on indexation removal

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Maruti to raise deferred tax liability provision by Rs 850 cr in Q2 on indexation removal

Maruti Suzuki India on Saturday said it would need to increase provision for deferred tax liability by around Rs 850 crore due to the withdrawal of indexation benefit while calculating long-term capital gains on debt mutual funds. The company was making accounting provisions for deferred tax liability on fair value gains on these investments, Maruti … Read more