Maruti Suzuki India increases deferred tax liability by Rs 850 crore due to Finance (No.2) Act 2024.
Maruti Suzuki India plans to increase deferred tax liability provision by Rs 850 crore due to Finance (No.2) Act 2024 removing indexation benefits on debt mutual funds. This one-time adjustment impacts Q2 profit after tax, but won't affect operational profit, as confirmed by Chief Investors Relations Officer Rahul Bharti. Actual tax outflow will occur when the company redeems mutual funds.
August 17, 2024
4 Articles