back to article India says HP and Infosys used window dressing to shrink tax bills

India's tax authorities believe Infosys and HP owe it lots and lots of unpaid taxes. Despite a New Delhi statement last year which was thought to have reprieved several IT companies from additional tax demands, the Income Tax department has now begun to reassess what’s owed by Infosys and HP. The taxman’s beef is that the …

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  1. Anonymous Coward
    Anonymous Coward

    Off shoring may cost them a little bit more then.

    Good.

    1. Anonymous Coward
      Anonymous Coward

      Off shoring may cost them a little bit more then.

      Actually the contention is that the development was not offshored (to an Indian location) and therefore the companies should not be eligible for tax breaks.

  2. TwoWolves
    WTF?

    Errr....

    Indian companies are so meticulous in paying their full taxes right?

  3. I. Aproveofitspendingonspecificprojects

    Lost in transaltion

    I can't believe this legalese gobbledegook:

    "There must exist a direct and intimate nexus or connection of development of software done abroad with the eligible units set up in India and such development of software should be pursuant to a contract between the client and the eligible unit."

    occurred in whatever language the Indian legal system uses or had to be incurred with translating it into English.

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