Maruti to raise deferred tax liability provision by Rs 850 cr in Q2 on indexation removal

Maruti Suzuki India stated it will raise its deferred tax liability provision by Rs 850 crore, following the withdrawal of the indexation benefit on debt mutual funds in the Finance (No.2) Act 2024. The one-time adjustment will impact profit after tax in the second quarter of the ongoing fiscal year.

from Auto-Industry-Economic Times https://ift.tt/R3DB57Y