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 Compilation of all notifications issued ON
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 If tax status is no longer NRI, all your income is taxable in India
 Tax Benefits from Different Types of Loans under the Income Tax Act, 1961
 Do you have any question about tax filings? Now, chat online with income tax experts to clear your doubts

US Recession is Likely to hit Global IT Industry including Indias Outsourcing Companies
May, 26th 2008

 A slowdown in the United States Economy is likely to affect global Information Technology industry including Indian outsourcing companies. Indian companies have a large numbers of outsourcing deals with United States.

Ongoing slowdown in United States may hamper projects as companies may spend less on information technology. Presently United States is the Indian software industry's largest market.

Indian Outsourcing companies have been contributing a lot to the country's economy through huge exports earnings.

 
 
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