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Cognizant<\/a>’s decision follows its recent brush with the Indian income tax authorities, as earlier in March, the Income Tax (IT) department froze the bank accounts and deposits of the tech giant, on grounds of evasion of dividend distribution tax . The company’s accounts were subsequently released by the High Court, which demanded deposit of 15% of the disputed tax. The IT department alleged that Cognizant had evaded tax to the tune of Rs. 2,500 crore relating to a shares buyback transaction in 2016.
Sources said the scrutiny from the country’s tax authorities may have played a role in the tech company’s decision to create a new India CFO position to represent its business in the country. The IT firm earlier said it paid all applicable taxes related to its buyback transaction, and the Indian IT department’s position is “contrary to law and without merit.”
Ramaseshan is a Chartered Accountant and a Cost Accountant, who started his career as Finance Officer at TVS Motor Company in 1993 in Chennai. With senior financial management stints in Wipro and IBM over the years, he was CFO of Tata Elxsi from 2013 to 2017, and is currently CFO and Executive Director at SQS India BFSI, a business assurance and testing specialist focusing on the financial sector.
Cognizant’s revenue crossed $4 billion in the April-June 2018 quarter- up from $3.6 billion in the same period last year. The company follows the January-December cycle as its financial year. Cognizant’s global CFO is Karen McLoughlin, and she oversees financial planning, analysis and audit functions of the company, which has majority of its employees working in India.\n
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认识到任命K Ramaseshan印度首席财务官
认识的决定是由于最近刷与印度收入税务机关,作为3月早些时候,所得税(IT)部门冻结银行账户和存款的科技巨头,以逃避股息分配的税收。
认识到的决定是与印度所得税当局最近刷,3月早些时候,所得税(IT)部门冻结银行账户和存款的科技巨头,以逃避股息分配的税收。公司的账目是随后发布的高级法院,要求存款15%的有争议的税。IT部门声称,认识到逃避税收的Rs。2500卢比的有关2016年股票回购交易。
消息人士称,来自国家的税务机关审查可能扮演了一个角色在科技公司决定创建一个新的印度首席财务官的位置来表示其业务。IT公司早些时候表示,支付所有适用的税收相关回购交易,和印度IT部门的立场是“违反法律和毫无价值。”
Ramaseshan是注册会计师和会计成本,开始他的职业生涯作为财政官电视汽车公司于1993年在钦奈。与高级财务管理在惠普和IBM多年来,他是首席财务官塔塔Elxsi从2013年到2017年,目前财务总监和执行董事SQS印度BFSI、业务保障和测试专家关注金融行业。
认识到2018年4 - 6月季度的营收过40亿美元,高于去年同期的36亿美元。公司遵循January-December周期作为其财政年度。认识到全球首席财务官是凯伦·迈克劳林,她负责财务规划,分析和公司的审计功能,大部分员工在印度工作。
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