Increasing Taxes Should Keep India’s IT Biggies at Bay (INFY, WIT) [View article]
LOL, taking the battle to another forum, eh?!
No argument here. Your original article quoted an analyst who suggested that the tax rates would shoot up, but did not cite the timeframe. Since later in the article his growth commentary is based on quarter-to-quarter growth (I assume this--once again it is not mentioned in the article), one might believe that the tax rate is going to jump up this quarter as well.
As you rightfully point out, the tax rates do not change until fiscal 2010.
Yes I believe in FACTS and I do my homework. I simply found your original post to be misleading and I posted a question to obtain a public clarification. Well done!
Increasing Taxes Should Keep India’s IT Biggies at Bay (INFY, WIT) [View article]
No argument here. Your original article quoted an analyst who suggested that the tax rates would shoot up, but did not cite the timeframe. Since later in the article his growth commentary is based on quarter-to-quarter growth (I assume this--once again it is not mentioned in the article), one might believe that the tax rate is going to jump up this quarter as well.
As you rightfully point out, the tax rates do not change until fiscal 2010.
Yes I believe in FACTS and I do my homework. I simply found your original post to be misleading and I posted a question to obtain a public clarification. Well done!
Increasing Taxes Should Keep India’s IT Biggies at Bay (INFY, WIT) [View article]