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MTNL gets tax refund of Rs516 cr from I-T dept

MTNL gets tax refund of Rs516 cr from I-T dept
PTI
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First Published: Fri, Mar 27 2009. 03 21 PM IST
Updated: Fri, Mar 27 2009. 03 21 PM IST
New Delhi: State-owned MTNL on Friday said it has received Rs516.18 crore as tax refund for the years 2001-02 and 2003-04 from the Income-Tax Department.
The company has received refunds worth Rs516 crore from the I-T department, including Rs131.47 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.
Of the total refund amount, Rs125.71 crore has already taken into account in the third quarter of 2008-09.
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First Published: Fri, Mar 27 2009. 03 21 PM IST