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 rises 0.36% in the September 2022 quarter
( Results - Announcements 05-Dec-22 07:30 )
PTC India Financial Services consolidated net profit declines 51.58% in the December 2020 quarter
( Results - Announcements 05-Feb-21 16:12 )
PTC India Financial Services to table results
( Corporate News - 04-Apr-22 09:37 )
PTC India Financial Services update on borrowing costs and liquidity
( Corporate News - 23-Oct-20 10:39 )
PTC India Financial services resolves stressed loan account SKS Power Generation (Chhattisgarh)
( Corporate News - 11-Apr-19 10:46 )
PTC India Financial Services announces cessation of nominee directors
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PTC India Financial Services standalone net profit rises 17.44% in the June 2017 quarter
( Results - Announcements 10-Aug-17 16:42 )
Board of PTC India Financial Services recommends Final Dividend
( Corporate News - 19-May-23 15:25 )
PTC India Financial Services standalone net profit declines 17.64% in the September 2018 quarter
( Results - Announcements 13-Nov-18 09:58 )
PTC India Financial Services announces appointment of nominee director
( Corporate News - 22-Jun-21 11:42 )
PTC India Financial Services to announce Quarterly Result
( Corporate News - 03-Feb-18 16:25 )
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