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Software
Imposition of Minimum Alternative Tax (MAT) on units in Special Economic Zones (SEZs)
MAT imposed on SEZ profits
Cash impact: Yes, as cash taxes would increase for
now for most companies.
EPS impact will be minimal (if any) for IT companies
given their effective tax rates will go up to atleast 20%
in FY12.
No extension of tax benefits under STPI (Software
Technology Parks of India) as expected.
A lower rate of 15% tax on dividends received by
an Indian company from its foreign subsidiary for
FY12.
Potential one-time benefit for companies like TCS
which operate a subsidiary structure abroad.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Software
Imposition of Minimum Alternative Tax (MAT) on units in Special Economic Zones (SEZs)
MAT imposed on SEZ profits
Cash impact: Yes, as cash taxes would increase for
now for most companies.
EPS impact will be minimal (if any) for IT companies
given their effective tax rates will go up to atleast 20%
in FY12.
No extension of tax benefits under STPI (Software
Technology Parks of India) as expected.
A lower rate of 15% tax on dividends received by
an Indian company from its foreign subsidiary for
FY12.
Potential one-time benefit for companies like TCS
which operate a subsidiary structure abroad.
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