Rattanindia Power Ltd. was formerly known as Indiabulls Power . It is one of the India’s largest private power generation companies and was incorporated in 2007. It has a market capital of Rs. 2273.76 cr. It is divided into four segments Thermal Power, Solar ( Maharashtra, Punjab ,UP), Mining(Haryana) and Cement (Maharashtra).Its Power supply segment contributes around 88.91% of the total sales. Whereas, other services includes 11.08% of total sales of the company Rattanindia consists of Ajit Kumar Panda, rajiv Rattan, Saurabh Kumar Mittal, Shamsher singh Ahlawat, Himanshu Mathur, Jayant Kawale , etc as members of management. Rattanindia Power Limted is financial sound company and investors friendly in terms of good dividend paying company
The report title “The basic aspects of Accounting and Taxation in rattanindia Power limited”. The report gives an overview of company’s process of Accounting and Taxation. Information is gathered from secondary …show more content…
It is establishing grinding units for manufacturing cement in Nashik, Maharashtra with the target markets of Mumbai, Pune, Thane and Nashik.
Capital Structure
The shares of Rattanindia Power Limited has been listed in National Satock exchange (NSE) and Bombay Stock Exchange (BSE). As per 2013-14 report , the company has share capital of Rs. 2642.73 cr. with an authorised capital of 5000 cr with a face value of Rs.10.
Competiors
The major competitions of Rattanindia Power Limited are NTPC, Power Grid Corp , NHPC and Tata Power.
TDS (Tax deducted at source)
It is the collection of revenue at source of income. It is an indirect way of collecting tax, the collected tax is supposed to be deposited with the Central Government. It is managed by Central Board of Direct Taxes (CBDT). TDS is deducted on taxable income but, must not be calculated on conveyance allowance, medical allowance, rent allowance and deductible investments under sections like 80C, 80CC, 80D, 80DD, 80DDB, 80E, 80GG and 80U.
Financial
The report title “The basic aspects of Accounting and Taxation in rattanindia Power limited”. The report gives an overview of company’s process of Accounting and Taxation. Information is gathered from secondary …show more content…
It is establishing grinding units for manufacturing cement in Nashik, Maharashtra with the target markets of Mumbai, Pune, Thane and Nashik.
Capital Structure
The shares of Rattanindia Power Limited has been listed in National Satock exchange (NSE) and Bombay Stock Exchange (BSE). As per 2013-14 report , the company has share capital of Rs. 2642.73 cr. with an authorised capital of 5000 cr with a face value of Rs.10.
Competiors
The major competitions of Rattanindia Power Limited are NTPC, Power Grid Corp , NHPC and Tata Power.
TDS (Tax deducted at source)
It is the collection of revenue at source of income. It is an indirect way of collecting tax, the collected tax is supposed to be deposited with the Central Government. It is managed by Central Board of Direct Taxes (CBDT). TDS is deducted on taxable income but, must not be calculated on conveyance allowance, medical allowance, rent allowance and deductible investments under sections like 80C, 80CC, 80D, 80DD, 80DDB, 80E, 80GG and 80U.
Financial