Bajaj Auto increases deferred tax provision by ₹211 crore due to Finance (No 2) Act 2024.
Bajaj Auto has announced an increase of ₹211 crore in its deferred tax provision due to the withdrawal of indexation benefits and a change in tax rates on long-term capital gains on debt mutual funds, as per the Finance (No 2) Act 2024. This adjustment will be reflected in the company's Q2 FY25 financial results. The actual tax payment will occur at the time of mutual fund redemption.
August 19, 2024
7 Articles