Infy told to pay Rs 400-cr tax on onshore sales

[Ranga_The_Donga]

MUMBAI: Tax authorities have asked India’s second-largest software firm, Infosys Technologies , to fork out over Rs 400 crore, refusing to acknowledge onshore services—derogatorily called Rs bodyshopping’—as software exports.

Onshore software development is the practice where Indian firms send their software engineers on three- to six-month assignments to work in companies based in the US, Europe and other markets. While the company abroad pays for every professional deputed, the Indian firm pays a regular salary and a daily allowance to each of them for all days spent abroad at the premises of the overseas client. Such services account for as much as 40% of total earnings of software companies based out of India, down from 80% a decade ago.

[jamesbond]

maa office lo batch anta veele.........  @3$% @3$% @3$%

[Ranga_The_Donga]

[quote author=jamesbond link=topic=144521.msg1654286#msg1654286 date=1295295882]
maa office lo batch anta veele.........  @3$% @3$% @3$%
[/quote]

nuvu e platform meedha wrk chesthunav ba......??? sCo_hmmthink

[jamesbond]

[quote author=Ranga_The_Donga link=topic=144521.msg1654289#msg1654289 date=1295295953]
nuvu e platform meedha wrk chesthunav ba......??? sCo_hmmthink
[/quote]
company ki creator ki bridge baa  sHa_fr1ends sHa_fr1ends

[Ranga_The_Donga]

[quote author=jamesbond link=topic=144521.msg1654311#msg1654311 date=1295296322]
company ki creator ki bridge baa  sHa_fr1ends sHa_fr1ends
[/quote]

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[sri.madasi]

[quote author=jamesbond link=topic=144521.msg1654311#msg1654311 date=1295296322]
company ki creator ki bridge baa  sHa_fr1ends sHa_fr1ends
[/quote]

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[man for the society]

[quote author=WALL-E link=topic=144521.msg1654746#msg1654746 date=1295302571]
construction company aa  sSc_hiding2 sSc_hiding2 sSc_hiding2
[/quote]
LoL.1q LoL.1q LoL.1q LoL.1q LoL.1q LoL.1q LoL.1q

[rajesh550]

[quote author=jamesbond link=topic=144521.msg1654311#msg1654311 date=1295296322]
company ki creator ki bridge baa  sHa_fr1ends sHa_fr1ends
[/quote]

analyst  sSc_hiding2 sSc_hiding2

[The QUEEN]

no comment no comment congratulations Infy