Budget 2026: A turning point for financial services firms looking to set up GCCs in India

The Budget proposes a significantly expanded Safe Harbour regime for IT services, with a uniform safe harbour margin of 15.5% and an enhanced threshold that rises from ₹300 crore to ₹2,000 crore. Earlier differences between …

The Budget proposes a significantly expanded Safe Harbour regime for IT services, with a uniform safe harbour margin of 15.5% and an enhanced threshold that rises from ₹300 crore to ₹2,000 crore. Earlier differences between KPO, BPO, and other services often led to classification issues, especially for diversified and larger GCCs.

Asian stocks today: AI concerns continue to drag down markets; Nikkei falls over 500 points, HSI sheds 2%

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IT stocks selloff continues! Infosys, TCS crash up to 6% – what’s driving the massive rout

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