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News INCOME TAX

  • Jul 05, 2018
  • IT companies to benefit from currency, lower visa applications in Q1

    The recent currency fluctuation is expected to show some positive gains for the IT sector in their first quarter (Q1FY19) results starting next week. The June quarter results of IT firms usually witness a strong impact of employee costs in the form of visas expenses as well as incremental wages. However, given the lower visa applications this year as well as a slowdown in hiring, these impacts won't be that evident this year, note analysts. The impact of visa issues might also manifest in hiring numbers for these companies.