If advance tax data is any indicator of corporate profits, fourth quarter is likely to be mixed for India Inc.

Only a few companies like Reliance Industries, Infosys, TCS and Tata Motors have posted substantially higher advance tax payments in Q4FY10 when compared with Q4FY09.

Reliance Industries has paid 7.7 billion rupees ($169 million) as advance tax for the March quarter compared with 3.65 billion rupees a year ago, an income tax department source said on Monday.

Cement maker ACC paid Rs 330 crore, from Rs 340 crore a year ago, the source, who did not wish to be named, added.

State-run Union Bank of India paid Rs 185 crore, from Rs 253 crore a year ago. TCS paid Rs 178 crore, from Rs 53 crore earlier and Ambuja Cement paid Rs 120 crore, from Rs 125 crore a year ago.

Asian Paints paid Rs 60 crore, versus Rs 43 crore earlier, the official said.

Source:http://www.bloombergutv.com/news/latest-business-news-india/46991/reliance-pays-rs-770cr-advance-tax.html

Tags: Reliance, Reliance Group, Reliance Industries, RIL