Thursday, July 9, 2009

The administration of service tax of IT-ITES exports needs a revamp

IT industry awaits a ‘holiday’ Budget

The US’ stand on tax breaks for firms outsourcing jobs to overseas destinations, and the competition to Indian IT-ITES (information technology enabled services) from emerging outsourcing destinations such as the Philippines, China, Sri Lanka and Mexico, are among the worries that Balaji N. V., a senior tax professional with Ernst & Young, India, expresses, during a recent e-mail interaction with eWorld.

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