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| Discuss Impact of changes in 80-IA on infra cos at the General Trading & Investing Chat within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, Until now, all infrastructure companies like Gammon, IVRCL, Patel Engineering, Nagarjun etc., were gaining ... |
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#1
1st March 2007, 01:31 PM
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Impact of changes in 80-IA on infra cos
Hi,
Until now, all infrastructure companies like Gammon, IVRCL, Patel Engineering, Nagarjun etc., were gaining from the 80-IA tax rule. But FM in the budget yesterday has made some changes. As I understand, as per the new change, only those infrastructure companies that execute infrastructure projects themselves can get cover of the 80-IA. While those infrastructure companies that work as sub-contractors CAN NO LONGER get the same benefit. To add to that, the change requires companies to restate their financial statements from the period of 2001. I think thats a serious impact on earnings. Can someone kindly help me understand the correct impact of this new change on the earnings and the stock prices of the following companies in specific - 1. Gammon India 2. Patel Engineering 3. IVRCL 4. Nagarajun. Thanks in advance, Mohan 
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