Corporate advance tax has registered flat growth in the third quarter of FY13, according to reports.
Reports said that State Bank of India has paid advance tax in the third quarter at Rs 17.01bn against Rs 1,730 crore in the corresponding period last year.
While Reliance Industries paid Rs 11bn in taxes and HDFC paid Rs 5.60bn in advance tax against Rs 4.75bn last year, says report.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.