Bajaj Auto To Hike Provision For Deferred Tax By Rs 211 Crore Post Indexation Benefit Withdrawal
Bajaj Auto Ltd on Monday said it will need to increase its provision for deferred tax by Rs 211 crore due to the withdrawal of indexation benefit and change in the tax rate on long-term capital gains on debt mutual fund. The company invests its surplus funds into a range of asset classes, including debt…