Budget's impact on Nifty 50 companies: EY analysis

MAT carry forward upped to 15 yrs, extension of 5% withholding tax among the Budget's announcements

With Minimum Alternate Tax (MAT) carry forward being upped to 15 years, extension of a concessional five per cent withholding tax for the next three years and other provisions being announced in Budget 2017-18, EY analyses how the Nifty 50 companies have been impacted.

Here is a company-wise analysis of the Budget's impact:

1) Adani Ports and Special Economic Zone Ltd

• Concessional withholding tax rate of 5 per cent on interest on ECBs and RDBs extended upto June 2020.

• Rationalisation of MAT provisions in line with Ind-AS 

• MAT credit to be carried forward up to 15 years 

• Immovable property will