Corporate News 23-Oct-20
PTC India Financial Services update on borrowing costs and liquidity
PTC India Financial Services (PFS) announced that the Income Tax Department has processed the request of the company and provided a certificate u/s 197 of Income Tax Act for deduction of lower withholding tax @ 3.70% ( current rate is 7.50%) on interest payments to PFS by its various borrowers as mentioned in the certificate. This certificate is valid from 21 October 2020 till 31 March 2021 and will result more liquidity to the company. It would further help the company in having lower borrowing cost to the extent proportionate interest on amount available / would be available due to reduction in lower withholding tax.
Previous News
PTC India Financial Services consolidated net profit declines 27.29% in the June 2023 quarter
( Results - Announcements 28-Jul-23 15:21 )
PTC India Financial Services announces cessation of director
( Corporate News - 12-Jul-21 14:30 )
PTC India Financial Services consolidated net profit rises 64.74% in the September 2021 quarter
( Results - Announcements 10-Nov-21 08:16 )
PTC India Financial Services
( Results - Analysis 14-Feb-17 14:32 )
PTC India Financial Services consolidated net profit rises 69.82% in the June 2020 quarter
( Results - Announcements 05-Aug-20 10:00 )
Medico Remedies Ltd leads losers in 'B' group
( Hot Pursuit - 22-Jun-23 14:45 )
PTC India Financial Services Ltd leads losers in 'A' group
( Hot Pursuit - 05-Mar-21 15:00 )
PTC India Financial Services standalone net profit rises 19.83% in the December 2016 quarter
( Results - Announcements 14-Feb-17 14:21 )
PTC India Financial Services to hold board meeting
( Corporate News - 09-Jan-15 11:09 )
Hindustan Construction Company Ltd leads gainers in 'A' group
( Hot Pursuit - 20-Aug-18 12:00 )
PTC India Financial Services standalone net profit rises 210.12% in the March 2016 quarter
( Results - Announcements 13-May-16 14:00 )
Other Stories
Tridhya Tech to convene board meeting
03-Jul-24 20:06
Sonu Infratech schedules EGM
03-Jul-24 19:59
Sakuma Exports to convene AGM
03-Jul-24 19:59
Time Technoplast repays commercial paper
03-Jul-24 18:31
Board of Aditya Vision approves stock split and listing of share on NSE
03-Jul-24 18:24
Pricol director resigns
03-Jul-24 18:21
Board of VMS Industries recommends first interim dividend
03-Jul-24 17:49
Lakshmi Machine Works to declare Quarterly Result
03-Jul-24 17:44
Modison to convene AGM
03-Jul-24 17:43
Sybly Industries to discuss results
03-Jul-24 17:43
Back
Top
