- Unitech Ltd paid just Rs 133 crore which is 59% less than what it had paid a year ago.
- DLF paid no Advance Tax but tried to defend saying it was due to tax planning [Yea right, we BUY your argument that you are exempt from taxes]
- Emmar MGF also paid no Advance tax [Emaar MGF is one of the Worst Real Estate companies in India, which tried to loot Indian public by an IPO, but in vain]
Thursday, March 20, 2008
Realty Companies Advance Tax Sinks
Corporate India continued to pay higher Advance Tax in the last installment ending March-15th, 2008. However, Real Estate Companies like Unitech, DLF and Emmar MGF have all paid lesser than what they did a year ago.
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