Unified 15.5% safe harbour margin sets for IT services
Finance Minister Nirmala Sitharaman on Sunday proposed to club various inter-connected sub-segments of IT, including software development services, IT-enabled services, knowledge process outsourcing services and others, under a single category with a common safe harbour margin of just 15.5 per cent, a move aimed at boosting India’s attractiveness to tech giants across Europe and the US.
The proposal, alongside other sweeteners, unveiled in the Union Budget — upping the threshold for IT services safe harbour to Rs 2,000 crore from Rs 300 crore,
