Oracle Corporation will recruit 250 people in India every month and is to increase its penetration in the sub-continent even as the enterprise software major is scouting for acquisitions in India to enhance its product portfolio.
It has made everything public in the name of 10 lakh comments it got on draft net neutrality proposals.
Multinational software firms like Microsoft, SAP and Oracle -- which license software and earn royalty on it from Indian customers -- are facing the heat from assessing officers if they have not paid taxes on the gross royalty income. According to a ruling by New Delhi-based commissioner Income Tax (Appeal), Microsoft has to cough up over Rs 700 crore in taxes and interest for the period 1999 to 2005.
If you have an IT firm, you should avoid encroaching on their turf.
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