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 KPO, BPO, and other services often led to classification issues, especially for diversified and larger GCCs.🕒 1 min read
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.
Continue Reading
- Stock market today: Nifty50 opens above 24,900; BSE Sensex up over 200 points
-
Cricket South Africa’s Strange Call, Delay Women’s T20 World Cup Squad Announcement At Last Moment
- Rs 10,000-Crore Assets At Risk: Indian Shipowners Seek Safe Passage Through Strait Of Hormuz
-
Former Ambassador Jawed Ashraf Awarded France’s Legion d’honneur Commandeur Distinction
-
Himanta Sarma On Why NIA Should Probe Case Linked To Congress Leader’s Wife
- Team IND finally breaks unwanted record; Captain wins toss after…
- Nathan Ellis Leads Charge As Australia Blow Ireland Away To Start T20 World Cup 2026 In Emphatic Fashion
-
450 Drones, 70 Missiles: Russia’s Biggest Attack On Ukraine’s Power Grid
- Congress Handed Over Land To Infiltrators For Votes In Assam: PM Modi
- William Webster, Only Person To Lead Both FBI And CIA, Dies At 101
