25 Jan 2020
DiamondWorld Directory
Home |
News
Home
Rise in tax payments noted at some Indian diamond companies
Signals a healthy shift for the industry towards growth
By: Diamond World News Service
|
Jul 31 2010 8:34PM
|
Reference: 5181  

DecreaseIncrease

Some leading Indian diamantaires and diamond manufacturing companies are reported to have clocked a steep rise in their tax payments for the fiscal 2009-10 as compared to the previous year, which reiterates a healthy turnover in the year, and also points to revenue growth noted in the diamond industry.

The tax payments of the companies are as such: Dilipkumar Lakhi - `9.75 crore (up 147 percent), Vishinda Diamond - `13.3 crore (up 96 percent) Deepak & Co -`14.25 crore (up 137 percent), Shree Ramkrishna Exports’ - `14.25 crore (up 307 percent) and Ankit Gems - `5.85 crore (up 135 percent).

The names of these companies were recorded in the list of top 100 non-corporate tax payers in India for fiscal 2009-10, prepared by the Mumbai region of Income-Tax department for internal use, as reported in a leading media.

The increase in the individual companies’ tax outgoings supports the rise in India’s gem and jewellery exports signaling that the industry has left the slowdown behind. The country’s cut and polished diamond exports in fiscal 2009-10, which valued USD 17542.29 million rising 20 percent from USD 14605.27 million in fiscal 2008-09. India’s overall gem and jewellery exports rose 16 percent to USD 28414.64 million in fiscal 2009-10 from USD 24495.58 million in fiscal 2008-09.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
HouseAd_Trade Fair
Recent Issue
2019
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 22999
GJEPC Chairman Interview
Views: 20828
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 28023
Promo for IJ Awards 2012 at NDTV Profit
Views: 41218
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 44788
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 17677
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 42791
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 40686
Advertisement
GIA_NEWS
Advertisement
M.Tarun
Member of:
Supporter of: