Saturday, February 15, 2014

Tax Notice For IBM

Tech giants IBM laid off 15 thousand employees worldwide. it would be from Brazil and India in European countries under the employee will still close to one billion dollars to the company. with savings dwindling sales of servers and storage systems will be given at the same time it was decided last month by the company.

The company has not disclosed which Nations will be shown how many employees out of the way. but it is believed that India will have the most impact in the number of its employees here a million. by the way, worldwide company total more than four million employees.

IBM India spokeswoman told about the company's recent financial results need to balance the workforce. IBM's Bangalore-based system technology, according to sources in the Group of 50 employees under the restructuring program has been given the pink slip boy on February 12.

Global software giant IBM has notice of the tax liability to income tax department. in 2008-09 the Department's Indian operations have sought the tax on earnings. income tax department alleges that the company had shown its earnings by the year.

The income tax Department and IBM has not currently aware that the company is seeking money from. IBM spokesman, disagreed with this assertion of company income tax Department and challenge the notice.

Although the company last month to u.s. market regulator sec said in India he information in tax liabilities as advance payment sum of deposits in 2443 crores.

Most of the money in an income tax appeal against tax demands of the Department to retain the right to deposit.