The US would start accepting applications for H-1B visa, the most sought after work visa by Indian IT professionals, for the financial year 2012 from April one.

As mandated by the US Congress, the fiscal year cap on H-1B petitions for 2012, beginning October 1, is 65,000.

The first 20,000 H-1B petitions filed on behalf of individuals with US master?s degrees or higher are exempt from this cap, the US Citizenship and Immigration Services (USCIS) said in a statement yesterday.

US businesses use the H-1B program to employ foreign workers in specialty occupations that require theoretical or technical expertise.

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