GNM great northern minerals limited
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The Corporate Tax Rate in India is 34% but the effective tax...

  1. vamo
    258 Posts.
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    02/06/08
    13:12
    Post #: 3800950
    The Corporate Tax Rate in India is 34% but the effective tax rate is more like 20% becasue of various deductions allowed.

    For one company it is a revenue item and for the Indian parent it is a cost so I am not sure which company will benefit more.

    I do remember reading somewhere that Mr Jagatramka did say that the coal will be sold at market prices so there may not be an issue with respect to transfer pricing.

    Time will tell...unless someone on HC can enlighten us on this issue.
    GNM Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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1.3¢ 		Change
-0.001(7.14%) 		Mkt cap ! $2.010M
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1.4¢ 1.4¢ 1.3¢ $1.397K 100K

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No. Vol. Price($)
2 112397 1.3¢
 

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Price($) Vol. No.
1.5¢ 62299 2
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Last trade - 15.46pm 20/06/2025 (20 minute delay) ?
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