It looks like the Indian IT Industry is running into another major problem as the
Som Mittal, President, National Association of Software and Services Companies (NASSCOM), said that it would cost the Indian IT firms who have operations in the
At present, Indian IT firms that have operations in the
Under the new rule, IT firms will have to pay $4500 per visa which was $2,500 earlier.
The big problem is that the language of the bill does not clearly specify how the fees will be increased. The visa fees are classified as filing fees and fraud fees. According to NASSCOM, it is not clear whether there is an increase of $2250 in filing fees and fraud fees or it is for both combined. Anyway, this hike will affect the Indian IT firms.