Investor Presentaiton

Economic Service Charges From 1st April 2017, all companies are liable to pay ESC as at 0.5% (previously 0.25 percent) of the Turnover. Any unclaimed ESC credit can be carried forward for 2 years (down from 4 years) to be set-off against Income Tax. This has an impact on the construction industry which is suffering from liquid cash-flows. Mr. S. Thumilan Group Chairman, Blue Ocean & Honorary Secretary of CDASL

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