Budget 2015 India: Clarity on tax issues key for IT industry, say brokerages
Allowance of bilateral treaty for advanced pricing agreement should help mitigate issues around double taxation of income, feels brokerage house Morgan Stanley
Moneycontrol Bureau Clarity around definition of export turnover and total turnover for computation of tax exemption in the Budget will help resolution of tax-related disputes, says brokerage house Morgan Stanley in its report on Budget expectations of various industries.
In addition, allowance of bilateral treaty for advanced pricing agreement should help mitigate issues around double taxation of income, the brokerage feels.
Brokerage house Goldman Sachs lists FDI in online retail, easier listing norms for internet companies as the other major expectations of the industry, in addition to clarity on the tax computation.
Hexaware Tech stock price
On February 12, 2015, Hexaware Technologies closed at Rs 257.65, up Rs 9.45, or 3.81 percent. The 52-week high of the share was Rs 259.00 and the 52-week low was Rs 130.60.
The company’s trailing 12-month (TTM) EPS was at Rs 10.58 per share as per the quarter ended December 2014. The stock’s price-to-earnings (P/E) ratio was 24.35. The latest book value of the company is Rs 40.11 per share. At current value, the price-to-book value of the company is 6.42.
