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Decoding Reliance Ind s 3% effective tax rate - The Hindu BusinessLine

Decoding Reliance Ind’s 3% effective tax rate June 23, 2021   As Reliance Industries’ shareholders log onto the annual general meeting on Thursday, they will do so with satisfaction. After all, the company managed a 35 per cent growth in profits (₹53,739 crore) for 2020-21 in a pandemic year. But what most may not know is that much of the bottomline growth is attributable not so much to excellent business performance as to unprecedented tax relief, reminiscent of the 1980s/90s when RIL paid zero tax. Piffling Effective Tax Rate On a pre-tax profit (after exceptional items) of ₹55,461 crore, RIL paid just ₹1,722 crore as tax. This is 87.5 per cent lower than the ₹13,726 crore provided for tax in FY20.

No income tax scrutiny on cash deposits up to Rs 2 5 lakh by housewives post demonetisation: ITAT

No income tax scrutiny on cash deposits up to Rs 2 5 lakh by housewives post demonetisation: ITAT
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

No I-T lens on deposits up to Rs 2 5 lakh by housewives post note ban: ITAT

No I-T lens on deposits up to Rs 2 5 lakh by housewives post note ban: ITAT
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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