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Web Exclusive: Are you invested in these sectors?

SI Reporter/Mumbai 05 Sep 12 | 09:16 AM

Finance Minister, P Chidambaram, has asked the Income Tax department to focus on the sectors that pay less than effective tax rate of 24 per cent. Are you invested in anyone of them? Check out how are the key sectors placed on fundamentals.

Finance Minister P Chidambaram has asked the Income Tax department to focus on the sectors that pay less than effective tax rate of 24 per cent.

A quick analysis reveals that there are over two-lakh companies across 23 industries and eight sectors that fall in this category. (Click here for the complete list). The least paying among these is the forest contractors industry that pays at an effective tax rate of 9.68 per cent, while agro-based industries are taxed at 23.98 per cent.

One of the prominent sectors in this list is cement, which pays at an effective tax rate of 21.98 per cent. Given the outlook for cement prices and demand amid Competition Commission of India’s (CCI’s) report on cartelisation, should you stay invested in this sector? Click here and make an informed decision.

The other key sectors that form a part of this ‘watchlist’ include IT enabled services, BPO service providers and software development agencies. What’s in store for companies in these sectors? Find out here

At an effective tax rate of 23.21 per cent, the petroleum and petrochemicals industry also makes it to this list with 657 companies are a part of this space. Though analysts believe refining margins would moderate going ahead, brokerages continue to be bullish on RIL. Click here to read more

The Drugs and Pharmaceuticals industry with an effective tax rate of 21.27 per cent is almost at the top of the pyramid. Click here for a fundamental snapshot

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