{"id":840335,"date":"2024-08-02T10:37:33","date_gmt":"2024-08-02T05:07:33","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=840335"},"modified":"2024-08-02T10:37:33","modified_gmt":"2024-08-02T05:07:33","slug":"after-4-billion-infosys-demand-india-may-target-other-it-majors-source-says","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/02\/after-4-billion-infosys-demand-india-may-target-other-it-majors-source-says\/","title":{"rendered":"After $4 billion Infosys demand, India may target other IT majors, source says"},"content":{"rendered":"<p>Indian authorities may issue notices soon to more major IT services firms in an investigation of alleged tax evasion related to work down by their overseas offices, a government source said on Thursday, a day after Infosys was slapped with a $4 billion tax demand.<\/p>\n<p>In serving its highest-ever tax demand on Infosys, the government accused India&#8217;s second-largest tech services company of evading taxes and sought Rs 32,000 crore ($3.8 billion), or almost all its revenue for the quarter ended June 30.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian authorities may issue notices soon to more major IT services firms in an investigation of alleged tax evasion related to work down by their overseas offices, a government source said on Thursday, a day after Infosys was slapped with a $4 billion tax demand. In serving its highest-ever tax demand on Infosys, the government accused India&#8217;s second-largest tech services company of evading taxes and sought Rs 32,000 crore ($3.8 billion), or almost all its revenue for the quarter ended June 30.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-840335","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/840335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=840335"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/840335\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=840335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=840335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=840335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}