RIL yet to decide on adoption of newer rate of corporate taxation
Mumbai: Country’s largest corporate Reliance Industries (RILNSE 1.42 %) is yet to decide on whether to adopt the newer rate of corporate taxation or continue with the older one, a senior official said on Friday.
In the results announced for the September quarter, it has only reduced the Minimum Alternate Tax (MAT) to 15 per cent from the earlier 18.5 per cent, its joint chief financial officer V Srikanth told reporters here.
