Staffing industry seeks resolution of tax woes in Budget

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Latest News – Wants TDS to be cut from 10% to 2%, and applied on commission earned, not on gross invoice value
The staffing industry, representing companies such as Team Lease and Quess, wants finance minister Arun Jaitley to resolve the tax anomalies it faces, in the upcoming Budget.
The Indian Staffing Federation says that its demand assumes significance since post-demonetisation it is the formal sector which will grow and the staffing industry will play a crucial role in that.
The industry represents contract hiring in organised industry done through tri-partite agreements — between the company that is hiring, the person hired and the (Read More)

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