MTNL gets Rs 516 crore tax refund from I-T dept. MTNL gets Rs 516 crore tax refund from I-T dept. Chartered Accountant CA ICAI Chartered Accountants CA ICAI CAinINDIA ICAI Announcements Accounting Standards CA News ICAI Students ICAI Members Case Laws CPT IPCC Final ICAI Course CA Course ICAI Forum CA Question Papers ICAI Study Material

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MTNL gets Rs 516 crore tax refund from I-T dept.

March, 27th 2009
State-owned MTNL on Friday said it has received Rs 516.18 crore as tax refund for the years 2001-02 and 2003-04 from the Income-Tax Department. The company has received refunds worth Rs 516 crore from the I-T department, including Rs 131.47 crore interest, a company statement said. It further added the interest amount would increase the profits of the company for the financial year 2008-09.