Newsletter 
September 8, 2008
Search 
Home
News
Industry Verticals
• BFSI
• Education
• Energy
• Government
• IT
• Manufacturing
• Pharma
• Retail
• Services
• Telecom
Events
Tech Insight
Market Scan
Interview
Case Study
CXO Lifestyle
White Papers
Editorial
CXO Views
Tech Terms
   FOCUS AREAS
 • Business Apps  
 • Mobility
 • Open Source
 • Security
   TECH INSIGHT
"Always on Call"
 IP solutions are a rising trend in the contact centre industry. Within two years, according to Contact Professional, 82% of contact centres expect to be running IP telephony infrastructure. Sunanda Das, MD, Cable & Wireless discusses contact center More...
    MARKET SCAN
APAC Ahead of West in IT Security Spending
A recent study suggests organizations in APAC region are spending more on security than their North American and European counterparts. The study also said that government and industry standards are not the major driving factors of IT security spending in APAC More...
   TECH TERMS
  • Blue Tooth
  • BI
  • CDMA
  • CRM
                             More...
Home > News > Business
Email Print View Comments   

Nasscom Welcomes Tax Holiday Extension
By CXOtoday Staff
Mumbai, Apr 29, 2008

NASSCOM has welcomed the Finance Minister's announcement on a one year extension of tax holiday to software companies under the Software Technology Parks of India (STPI) scheme.

The tax exemption for IT-BPO companies has been extended to March 31, 2010 as was announced by Finance Minister P. Chidambaram while replying to a debate on his budget proposals in parliament today. This has to be ratified by both the houses which should be done by early May.

According to NASSCOM, this decision is particularly beneficial for BPO companies and SMBs who have been greatly impacted by the rupee appreciation, inflation, and signs of slowdown of US economy.


"This benefit will also give us time to come up with other workable and acceptable options for the future, beyond 2010. The IT-BPO industry is expanding into tier 2 & 3 cities which will help remove the pressure on large centres as well as help in more balanced economic development. It is important that we incentivate this move to tier 2 & 3 cities with STPI/SEZ like benefits," said NASSCOM in their Press statement.

Related links:
Post Budget Comments

Home  |  Business  
Share and Connect   del.icio.us del.icio.us   Digg.com Digg.com   Myweb MyWeb   Newsvine.com Newsvine.com
 
 
Comment :

Name :
Company :
City :
E-mail :
Word verification : Type the characters you see in the picture below.
 
Characters are not case-sensitive
   


Disclaimer
ITNation (India) Pvt. Limited and its sites: www.channeltimes.com, www.techtree.com and www.cxotoday.com provide Comments and discussion boards as a professional medium for the various businesses of the IT industry to discuss business problems. Gossip, personal attacks and unsubstantiated charges are prohibited. Messages posted on this Web site as discussion threads or Comments (Content) are solely the opinions of their creators and do not necessarily reflect the opinions of ITNation (India) Pvt. Limited or its sites www.channeltimes.com, www.techtree.com and www.cxotoday.com.
All individuals who post material to this web site are solely responsible for all Content that they upload, post or otherwise transmit via the Web Site.
ITNation cannot vouch for the authenticity of the user or company names or e-mail addresses associated with posted messages. Under no circumstances will ITNation India Pvt.Ltd. or Cxotoday.com be liable in any way for any Content, including, but not limited to, for any errors or omissions in any Content, or for any loss or damage of any kind incurred as a result of the use of any Content posted or otherwise transmitted via the Bulletin Boards.
ITNation reserves the exclusive right to edit or remove messages containing inappropriate language or other material that could be construed as libelous, potentially libelous, or otherwise offensive or inappropriate. Discussion forums, bulletin boards and chat facilities are provided by ITNation solely for the convenience of those who make use of the service. ITNation does not endorse the products and services or other offerings mentioned in messages.
More Government News
• MCA Plans for Technology
• NIC's 2 New Datacenters
• NIC's 2 New Datacenters
• NIC's 2 New Data Centers
• NIC's 2 New Data Centers
• The Making of e-Citizens
• NASSCOM Urges Members
• DES Implements Decision
• Punjab e-Stamping
• Pay Taxes Online
TODAY'S HEADLINES
• MCA Plans for Technology
• Smart Grid Tech
• Red Hat Acquires Qumrane
• President Salutes Nation
• Tools Aid Virtualization
    CXO VIEWS
"The challenge lies in executing an approach"
With the incredible expansion in the Indian telecom industry, the role of Business Support Systems (BSS) or Operational Support Systems (OSS) solution providers is becoming crucial.Vivek Srivastava, director of (Solutions and Strategy) Oracle Communications Business Unit, APAC and Japan, talks about BSS/OSS providers' emergence in Indian telecom space, in an email interview with PankajMaru.Excerpts More...
LATEST COMMENTS
• how to became railway ticket booking agent ..
• my house is located at delhi (palam) if ..
• i am interestinig in e-ticket booking agent ..
• hi soni. we are having some openings for ..
• Not possible to manage products movement ..
MOST POPULAR STORIES
• e-Governance Corruption? (5)
• Global Alliance for BIT (2)
• Weather Does Not Wither (1)
• Novatium Jaideep COO (1)
• 3D Representation (1)
Feedback | Sales Offices | Advertising Options | About CXOToday | Site Map |
Copyright (C) 2008 ITNation India Pvt. Ltd. All Rights Reserved.