Budget Expectations - Nishchal Khorana, Frost & Sullivan

by CXOtoday Staff    Feb 23, 2011

Budget Expectations  Nishchal KhoranaNischal Khorana, Head-Consulting, ICT Practice, Frost & Sullivan, South Asia & Middle East, talks about his hopes from the Union Budget 2011 with CXOtoday.com.

“Having achieved considerable maturity in global delivery processes, the growth acceleration of the Indian IT industry is highly dependent of the ability to innovate
products and services.

By taking away the tax and policy anomalies that have existed in the system for
sometime now, the 2011 budget will play a key role in enabling IT firms to better
plan and stratategize their businesses.

Reduction in MAT, extension of STPI benefits and removal of ambiguity over the tax
implication on packaged software will continue to be the key focus points of the 2011
budget. Incentives and simplification of the tax structure is critical especially for the
SMEs which form the building block of India’s growth story over the next decade. “

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