Moneycontrol PRO

business

State owned banks to see higher tax outflow post Budget

Some public sector banks are likely to see higher tax outflow. It was after the government clarified in the Budget that banks cannot claim double tax allowance on provisions made on rural loans and written off bad loans. CNBC-TV18‘s Gopika Gopakumar, reports

first published: Mar 2, 2013 03:30 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347