Regarding STPI Exemptions

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Anil Chavan (Querist)
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22 April 2008 Hi Sir / Madam

Is there any changes made in this budget regarding STPI (Software Technology Park of India)?
If Yes, How I get the information related that?

Thanks
Anil

Sheetal Metha

Sheetal Metha (Expert)
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22 April 2008 There is no changes has been made for the STPI Exemption in this budget.

R.V.RAO

R.V.RAO (Expert)
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23 April 2008 MS.SHEETAL METHA IS RIGHT THAT STPI EXEMPTION IS NOT TOUCHED BY 08-09 BUDGET.
THE CHANGGES WHATEVER MADE, IMPACTING THIS SECTOR ARE REPRODUCED BELOW

SOURCE:http://india-investor.blogspot.com/2008/03/union-budget-2008-09-implications-for.html

UNION BUDGET 2008-09: IMPLICATIONS FOR THE INFORMATION TECHNOLOGY COMPANIES
BUDGET 2008-2009 IMPACT ON BPO/ITES

DIRECTLY IMPACTING IT SECTOR

1. No confirmation on the extension of the income tax exemption available to Companies /units registered as Software Technology Park Units ('STPs') beyond Financial Year 2008-09.

2. Imposition of service tax on the software and related services and changes in the CENVAT Rules.

3. Increase in the excise duty applicable on branded / packaged software from 8% to 12%.

4. Changes in FBT related provisions.

5. Issues related to income tax, service tax, etc.

INDIRECTLY IMPACTING THE IT SECTOR

6. Significant increase in the personal income tax rates and slabs, which will benefit employees of IT corporates.

FOR DETAILED ANALYSIS OF ABOVE PROVISIONS,PL.VISIT THE ABOVE BLOGSPOT.
R.V.RAO

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