After Infosys, tax authorities may ask Wipro to pay bodyshopping tax
Monday, 23rd May 2011
After asking Infosys to settle a tax claim of Rs 450 crores, Indian tax authorities have targeted Wipro.
Wipro, the country's third-largest software exporter, has now come under tax scrutiny for the same reasons.
Tax authorities have not yet made a claim on Wipro, but have sent the company a 'scrutiny notice' seeking details of services provided to clients for the assessment year 2008-09. "The contention is the same, that the companies are exporting manpower not services," said a tax official aware of the matter and the communication sent to Wipro.
Publication : Economic Times