The IT Industry is Rooting for Changes in the US Immigration Bill

The US immigration has been under intense scrutiny not only in the US but also in India and other countries across the world. This scrutiny is attributed to certain clauses in the bill which will affect the bottom line of the outsourcing industry. Most of the clauses pertain to the US H-1B visa which is […]

BUDGET 2008-09 : SPECIFIC IMPLICATIONS FOR THE IT /ITES/BPO SECTOR

HIGHLIGHTS OF THE BUDGET, AS PASSED BY THE PARLIAMENT, VIS-A-VIS INFORMATION TECHNOLOGY SECTOR The 100% tax exemption available to 100% Export Oriented Units operating under the Software Technology Parks Scheme, under Section 10B of the Income tax Act, 1961, has been extended till March 31, 2010, i.e. for the financial year ending March 31, 2010. […]

BUDGET 2007-08 : SPECIFIC IMPLICATIONS FOR THE IT /ITES/BPO SECTOR

SERVICE TAX ON LEASE RENTALS WILL IMPACT CASH FLOWS (AND NOT PROFITS) Rental /Lease costs to IT Companies will go up significantly, due to the proposed imposition of service tax on rentals related to immovable property for commercial or industrial purposes. The lease rentals will go up by 12.36%, from a date to be announced. […]