Should you outsource the Sales Tax Department in your company?

Should firms outsource Sales Tax Department? The question is quite relevant in today‚Äôs context, and sales tax department outsourcing is growing at a fast rate. The basic reason behind this growing trend is the extended client services offered other than traditional return preparation services. Those who are looking for outsourcing sales tax department operations should […]

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. […]