Budget 2024: Nasscom seeks lighter taxation environment for tech industry

Q: How long will it take to read this news story?

The story "Budget 2024: Nasscom seeks lighter taxation environment for tech industry" has 637 words across 27 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Budget 2024: Nasscom seeks lighter taxation environment for tech industry" was covered 5 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 157 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21392275</li><li>URL: https://beamstart.com/news/budget-2024-nasscom-seeks-lighter-17193838765974</li></ul>

Business Standard Logo Business Standard 5d ago

Budget 2024: Nasscom seeks lighter taxation environment for tech industry - Business Standard

Quick Summary:

Even for R&D services, a maximum margin of 10-12 per cent is applied.

It is not just global capability centres (GCCs) but even in the usual IT/BPM space, companies with holdings in subsidiaries where transactions between the offshore centre, which could be a subsidiary abroad, can easily surpass the Rs 200 crore limit.

Applicable margin rates under safe harbor should be in line with global trends, according to Nasscom.