Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 8 reasons why old tax regime is still attractive for many taxpayers in this income tax bracket
 March 31 deadline is getting near. How to save income tax with tax loss harvesting?
 45-day MSME payment rule: Impact and details of Section 43B(h) explained
 Small savings schemes that offer tax benefits of up to Rs 1.5 lakh under section 80C
 RE-OPENING OF CORRECTION WINDOW FOR MAY 2024 CA EXAMINATIONS
 Powerful Upgrades, Tally 12+1 months renewal Plan and Connected Services for your growing Business - March 2024
 How innovative solutions can help fix the Sec 43B conundrum for MSMEs
 Income Tax dept asks many individuals to explain high value transactions of FY20-21 as Updated ITR deadline nears
 Release Notes for TallyPrime and TallyPrime Edit Log Release 4.1 | What s New!
 Deadline to file updated ITR FY20-21 ends on March 31: Details on additional tax
 4 tax-planning mistakes to avoid this season

MAT, rising Re harmful for BPOs: Karnik
June, 07th 2007

India might lose its status as an attractive outsourcing destination due to strong appreciation in rupee coupled with imposition of Minimum Alternate Tax on IT firms introduced this fiscal.

India is still the most attractive outsourcing destination for global companies but 2-3 years down the line, it (India) may lose this status to other low-cost countries, Nasscom president Kiran Karnik.

He said the recent changes in the government policies are a matter of concern.

When wage costs in the country are rising due to rupee appreciation, the companies need some incentives in the form of tax breaks, Karnik said.

We need to take some action regarding this and send positive signals to the world to keep India as the best outsourcing destination, he said.

Karnik said a lot of companies, including the countrys largest software exporter TCS, have already started looking outside India for outsourcing their work.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting